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Will Behnke

Jul 31, 2026

0:53
Can you just explain to listeners what this committee is and how it relates to international issues? Of
0:58
course.
0:58
Thanks, Ted.
0:59
So generally, prudential regulation is centered around solvency and covers topics like capital, asset liability management, group supervision, and emerging risks like climate and cyber.
1:12
The American Academy of Actuaries Prudential Regulation Committee, or PRC, drives the Academy's efforts on solvency and capital issues while serving as the primary resource on these topics across all practice areas, including life, health, property and casualty, as well as some retirement pension.
1:28
It provides expert input to the national and international bodies responding to regulatory requests from the perspective of U.S. actuaries, as well as engaging in crucial matters that both insurance companies and regulators care about and are interested
2:57
But beyond the PRC, what other REMFRA committees follow internationally?
3:02
So the main other committee that is heavily involved internationally is the Financial Reporting Committee, or the FRC.

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