Authored by: Lynn Manchester, Director, Veronika Cooper, Consulting Actuary The VM-22 (A) Subgroup is requesting comments on the question of whether to include Guaranteed Investment Contracts (GICs), Synthetic Guaranteed Investment Contracts (SGICs), Funding Agreements, and Stable Value Contracts in the scope of VM-22 (the Exposure). RRC appreciates the opportunity to offer our comments on the...
Authored by: Dave Heppen, Partner, Lynn Manchester, Director, Veronika Cooper, Senior Associate, Becky Sheppard, Senior Manager The Risk-Based Capital Model Governance (EX) Task Force exposed a new document on February 10, 2026, requesting comments “…from interested parties to identify gaps and inconsistencies across the RBC framework”. Risk & Regulatory Consulting, LLC (“RRC”) regularly supports regulators...
Authored by: Lauren Cavanaugh, FCAS, MAAA, Partner, Liz Wortman, ACAS, MAAA, Scott Merkord, FCAS, MAAA, CPCU and Sandeep Patil, FSA, CERA, MAAA The Big Data and Artificial Intelligence (H) Working Group has released a draft version of an AI Systems Evaluation Tool to identify and assess the AI-related risks of insurers. The Working Group has...
Authored by: Patricia Matson, FSA, MAAA, Partner, Lynn Manchester, FSA, MAAA, Director and Janine Bender, ASA, MAAA, Supervisor The Risk-Based Capital Model Governance (EX) Task Force is requesting comments on the proposed preliminary Risk-Based Capital (“RBC”) principles and questions (“the Exposure”). Risk & Regulatory Consulting, LLC (“RRC”) appreciates the opportunity to offer our comments on...
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...
RRC Comments Regarding GIC Funding Agreements and Stable Value Contracts in Scope of VM-22