Authored by: Dave Heppen and Veronika Cooper Published in: SOA, The Financial Reporter, June 2018 In 2016 and 2017, we conducted a study of root causes in insurer insolvencies and impairments, with the focus on analyzing potential risk factors and prevention measures. The study was sponsored by the Canadian Institute of Actuaries, Casualty Actuarial Society...
From: John Humphries, Dave Heppen, and Debbie Rosenberg - Risk & Regulatory Consulting, LLC To: Tim Mullen, NAIC Director of Market Regulation Risk & Regulatory Consulting, LLC (“RRC” or “we”) supports the efforts of the Big Data (EX) Working Group (“Working Group”) to outline a process for determining whether changes to the current regulatory framework...
From: Tricia Matson and Dave Heppen To: Commissioner Laura Cali Robison (OR), Chair, NAIC Big Data (EX) Working Group(E) Working Group Risk & Regulatory Consulting (“RRC” or “we”) supports the efforts of the Big Data (EX) Working Group (“BDWG”) to create a mechanism that increases the resources available to states for the review and collection...
Authored by: John Humphries and Dave Heppen Published in: SOFE: The Examiner, Summer 2016 Financial projections and stress testing are key tools for regulators to measure the impact of adverse events and possible future scenarios. While stress and scenario testing are not new to regulators and risk management professionals, the use of projections and stress...
RRC Response to the NAIC Big Data (EX) Working Group regarding the Regulatory Framework – Proposed Structure and Issues for Discussion