Posts Tagged: Archived
July 24, 2025
RRC Comments Regarding Request for Comments on Proposed Preliminary Risk-Based Capital (“RBC”) Principles and Questions
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...
December 6, 2024
RRC Comments Regarding GOES (E/A) Subgroup’s GOES Model Governance Framework Draft Exposure
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...
May 14, 2020
The Use of Advanced Predictive Analytics for Rate Making in Insurance
Authored by: Kemi Akinyemi and Ben Leiser Published in SOA: Actuarial Technology Today, May 2020. The Society of Actuaries Actuarial Innovation & Technology Program Steering Committee engaged Risk & Regulatory Consulting LLC (RRC) to conduct research on the intersection of U.S. insurance ratemaking and analytics techniques in advanced modern rating systems and associated regulatory considerations...
September 1, 2019
Methodologies for Valuing Cash Flows That Extend Beyond the Yield Curve
Authored by: Benjamin Leiser and Jack Kerbeshian Published in SOA: Risk Management, September 2019 In 2018, Risk & Regulatory Consulting conducted a study on methodologies used for yield curve extrapolation to value liability cash flows that extend beyond the maximum observable portion of the yield curve. The study was sponsored by the Society of Actuaries...
June 30, 2019
RRC Comments on the Statutory Financial Solvency Examinations Practice Note
Authored by: Tricia Matson, John Humphries Published to: Principle-Based Reserve Review Procedures Work Group In April 2019, the Principle-Based Reserve Review Procedures Work Group (the Work Group) issued an exposure of a Practice Note entitled “Common Practices of Examining Actuaries Involved in Statutory Financial Solvency Examinations of Life and Health Insurers Including Considerations for Principle-Based...
April 17, 2019
Pension Risk Transfers – What Every Examiner Should Know
Authored by: Ben Leiser and Todd Muchnicki Published in: SOFE: The Examiner, Spring 2019 The most common and natural counterparty to the corporate plan sponsor are insurance companies. As PRT business is a growth area within the insurance industry, a target area of focus in a risk-focused exam related to current or prospective risks, in...
October 31, 2018
Request for Comments on Receivership Model Law – Working Group’s Draft Proposed revisions to the Life and Health Insurance Guaranty Association Model Act (#520)
From: Wayne Johnson, Jan Moenck and Eric Scott To: Bill Rivers, NAIC On behalf of the Risk & Regulatory Consulting, LLC (“RRC”), this letter responds to your request for input and perspective on the Receivership Model Law (E) Working Group’s Draft Revisions to the Life and Health Insurance Guaranty Association Model Act. RRC appreciates the...
October 27, 2018
Climate Change – Taking the Temperature of the Insurance Industry and State
Authored by: Barry Wells Published in: IRES: The Regulator, Winter 2018 Reality or “Fake News”? Science based or science fiction? The debate continues, and while these are certainly important considerations, you’ll find no answers to these particular questions in this offering. Rather, Interested Reader, the intent of this article is to share a high level...
June 20, 2018
Why States Should Perform MLR Exams and What Do I Need to Know
Authored by: Barbara Bartlett and Christopher Rushford Published in: SOFE: The Examiner, Summer 2018 The Medical Loss Ratio (MLR) ensures that policyholders receive value for the premium they pay for their health insurance coverage. The MLR exams are about validating that health insurance issuers (issuers) offering commercial individual or group health insurance coverage are complying...
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RRC Comments Regarding the AI Systems Evaluation Tool to Identify and Assess the AI Related Risks of Insurers