Consulting Services to Insurance Regulators
May 10, 2022
U.S. Insurance Industry Invested Assets as of Year-End 2021
Authored by: Edward Toy – Senior Manager, Investment Specialist The COVID-19 Pandemic resulted in economic turmoil and substantial disruption to virtually every investment market in 2020. In many ways the recovery in the second half of 2020 and into 2021 was nearly as surprising to analysts. The areas of potential concern were overtaken by the...
January 15, 2022
2021 Review and Prospects for Regulatory Focus in 2022
Authored by: Edward Toy – Senior Manager, Investment Specialist 2021 was generally a good year for investment markets after a tumultuous 2020. The S&P 500 reported an overall price gain of 26.9%. National indices of commercial real estate values recovered significantly. Bond defaults and rating agency downgrades moderated significantly. As insurance regulators head into 2022,...
December 6, 2021
RRC Comments on Long Term Care Insurance Multistate Rate Review Framework
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...
November 18, 2021
RRC Comments Regarding AG on Complex Assets
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...
October 27, 2021
Managing Model Risk – Regulatory Considerations in an Era of Big Data and Predictive Analytics
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October 10, 2021
A Guide to Leveraging Economic Capital to Conduct More Effective Exams
Written By: Christine Browning, CFE Published In: SOFE, The Examiner Fall 2021 Economic capital is a means of quantifying a company’s capital needs based on the amount of capital that is necessary to support its risk exposures and execute its business plan. Because economic capital captures more than just the liabilities on a company’s balance...
September 29, 2021
Financial Analysis – Finding the Facts to Support Risk Component Assessments
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May 12, 2021
U.S. Insurance Industry Invested Assets Following the Market Turmoil of 2020
Authored by: Edward Toy – Senior Manager, Investment Specialist With the COVID-19 Pandemic and the resulting economic turmoil, 2020 was a very challenging year for investors in general, and that included U.S. insurance companies. With financial statement data available for year-end 2020, this is a good time to consider how investments may have changed for...
March 31, 2021
2020 NAIC Liquidity Stress Test Framework for Life Insurers Meeting the Scope Criteria
Dear Commissioner Caride and Mr. Schrader: Risk & Regulatory Consulting, LLC (“RRC” or “we”) supports the efforts of the Financial Stability (EX) Task Force and the Liquidity Assessment (EX) Subgroup (“Subgroup”) to provide additional tools to enable an assessment of macroprudential impacts on the broader financial markets of a liquidity stress impacting a number of...
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RRC Comments Regarding Regulatory Considerations Applicable (But Not Exclusive) to PE Owned Insurers