Posts Tagged: Matson
September 15, 2023
RRC Comments Regarding the Framework for Regulation of Insurers Investments
Authored by: Tricia Matson, Partner and Edward Toy, Director The Financial Condition (E) Committee exposed a document on August 15 for comment entitled “Framework for Regulation of Insurer Investments – A Holistic Review”. RRC appreciates the opportunity to offer our comments. Should you have any questions, we would be glad to discuss our comments with...
January 3, 2022
RRC Comments Regarding Regulatory Considerations Applicable (But Not Exclusive) to PE Owned Insurers
Authored by: Tricia Matson & Ed Toy The Macroprudential (E) Working Group (MWG) and Financial Stability (E) Task Force (FSTF) exposed for comment a set of Regulatory Considerations Applicable (But Not Exclusive) to Private Equity (PE) Owned Insurers (Considerations). RRC appreciates the opportunity to offer our comments. Should you have any questions, we would be...
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...
February 6, 2020
RRC’s Response to 2019 NAIC Liquidity Stress Test Framework for Life Insurers Meeting the Scope Criteria
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...
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...
May 22, 2019
RRC Comments on ASOP 22
Authored by: Tricia Matson Published to: Actuarial Standards Board RRC appreciates the opportunity to offer our comments. Should you have any questions, we would be glad to discuss our comments with you. Overall, we agree with the revisions made to ASOP 22 and believe they will be helpful to actuaries as they prepare actuarial opinions...
June 14, 2018
I Don’t Have to Worry About PBR for Health Insurance, Right
Authored by: Patricia Matson and Leslie Jones Published in: SOA, The Financial Reporter, June 2018 Well, we hate to say it, but that is not correct. While it may be true that, in general, the current post- PBR standards are similar to the pre-PBR standards at the moment, the truth clarify is the is that...
May 8, 2018
RRC Response to the Questions in the NAIC Group Capital Calculation Working Group
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...
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RRC Comments Regarding the Framework for Regulation of Insurers Investments