Authored by: Tricia Matson, Partner and Lynn Manchester, Director and Janine Bender, Supervisor The Generator of Economic Scenarios (“GOES”) (E/A) Subgroup (“Subgroup”) is requesting comments on the GOES Model Governance Framework Draft (“the Exposure”). RRC appreciates the opportunity to offer our comments on the Exposure. Should you have any questions, we would be glad to...
Authored by: Tricia Matson, Partner and Ben Leiser, Director The Life Actuarial Task Force (LATF) is requesting comments on the AAT for Reinsurance Actuarial Guideline (AG) Draft (“the Exposure”). Per LATF’s request for earlier comments regarding the Scope and Aggregation sections of the Exposure, RRC provided prior comment letters on September 19th.and October 3rd. For...
Authored by: Tricia Matson, Partner and Ben Leiser, Director The Life Actuarial Task Force (LATF) is requesting comments on the AAT for Reinsurance Actuarial Guideline Draft (“the Exposure”). LATF has asked that comments regarding the Scope and Aggregation sections of the Exposure be provided by October 3rd. Originally, comments on the Scope section were due...
Authored by: Tricia Matson, Partner and Ben Leiser, Director The Life Actuarial Task Force (LATF) is requesting comments on the AAT for Reinsurance Actuarial Guideline Draft (“the Exposure”). LATF has asked that comments regarding the Scope section of the Exposure be provided by September 19th, and we have included in this comment letter some general...
Authored by: Tricia Matson, Partner and Edward Toy, Director The Financial Condition (E) Committee (“E Committee”) exposed a document on August 15, 2023, for comment entitled “Framework for Regulation of Insurer Investments – A Holistic Review”. RRC submitted a comment letter dated September 15, 2023. RRC also made oral comments in Orlando at the NAIC’s...
Authored by: Tricia Matson, Partner and Edward Toy, Director The Financial Condition (E) Committee exposed a document on August 15 for comment entitled “Framework for Regulation of Insurer Investments – A Holistic Review”. RRC appreciates the opportunity to offer our comments. Should you have any questions, we would be glad to discuss our comments with...
Authored by: Ben Leiser The Life Actuarial Task Force exposed for comment a proposal to revise the hedge modeling language in the Valuation Manual to address index credit hedging. RRC appreciates the opportunity to offer our comments. Should you have any questions, we would be glad to discuss our comments with you and the LATF...
Authored by: Tricia Matson & Ed Toy The Macroprudential (E) Working Group (MWG) and Financial Stability (E) Task Force (FSTF) exposed for comment a set of Regulatory Considerations Applicable (But Not Exclusive) to Private Equity (PE) Owned Insurers (Considerations). RRC appreciates the opportunity to offer our comments. Should you have any questions, we would be...
Authored by: Tricia Matson The Long Term Care Insurance Multistate Rate Review Subgroup (“the Subgroup”) exposed a Long Term Care Insurance (LTCI) Multistate Rate Review Framework (“the Framework”) which covers a potential approach to increase consistency of LTCI rate review actions across states and improve efficiency of LTCI rate reviews for insurers. RRC appreciates the...
Authored by: Tricia Matson & Ed Toy The Life Actuarial Task Force (LATF) issued a request for feedback related to the concept of an actuarial guideline (AG) focusing on modeling of complex or high-yielding assets in asset adequacy testing (AAT). This request relates to the increasing use of complex investments to back reserves, and the...
RRC Comments Regarding GOES (E/A) Subgroup’s GOES Model Governance Framework Draft Exposure