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: 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: Wayne Johnson, Tricia Matson, Jan Moenck, and Andy Rarus Published in: The Insurance Receiver, Summer 2017 The average life expectancy in the United States in 1970 was 70.8 years, just over a one year increase from the average life expectancy in 1960 (1). It is against that backdrop that Long-Term Care Insurance (LTCI)...
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 Response to the revision of the NAIC Own Risk and Solvency Assessment (ORSA) Guidance Manual to be published in December 2017