Consulting Services to Insurance Regulators
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...
November 18, 2020
October 1, 2020
September 22, 2020
Personnel Risks Faced by the Insurance Industry
Written By: Sara Schumacher Published In: SOFE, The Examiner Fall 2020 The insurance industry is not immune to personnel risk. With an ever-changing and volatile job market, coupled with rapid technological advancements and other factors, most notably COVID-19, this risk is becoming more prevalent and cannot be ignored as part of current regulatory examinations. Personnel...
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RRC Comments on Long Term Care Insurance Multistate Rate Review Framework