Authored by: LeeAnne Creevy, Ben Leiser, Tricia Matson, Ed Toy 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...
From: Tricia Matson & LeeAnne Creevy To: David Altmaier, Chair At the Spring National Meeting, the National Association of Insurance Commissioners (“NAIC”) Group Capital Calculation Working Group (“GCCWG”) exposed a memo from NAIC staff dated February 28th (updated for comments from the March 24th meeting) that included a proposed approach to determining the scope of...
From: Tricia Matson, LeeAnne Creevy, and Nan Nguyen To: Christy Neighbors, Chair (Nebraska), Group Solvency Issues (E) Working Group The National Association of Insurance Commissioners (“NAIC”) Group Solvency Issues (E) Working Group (GSIWG) sent out a revision of the NAIC Own Risk and Solvency Assessment (ORSA) Guidance Manual (“the Guidance Manual”) and requested public comments....
From: Pat Tracy, LeeAnne Creevy, and Tricia Matson To: David Altamaier, Chair (Florida), and members of the group Capital Calculation (E) Working Group The National Association of Insurance Commissioners (“NAIC”) Group Capital Calculation Working Group (“GCCWG”) is evaluating potential approaches for aggregation of capital at the insurance group level (“RBC Aggregation Approach”), in particular for...
RRC’s Response to 2019 NAIC Liquidity Stress Test Framework for Life Insurers Meeting the Scope Criteria