Controlling persons of insurance companies would be required to file an annual group capital calculation (GCC) with state insurance regulators, and such information would be subject to confidentiality protections, under new...more
On June 3, amendments to New York insurance regulations, available here, became effective that will permit the New York Superintendent of Financial Services to act as group-wide supervisor of internationally active insurance...more
The news that A.M. Best is developing stress testing to gauge the impact of COVID-19 on insurers is a timely reminder of the various regulatory capital and reserving regimes under which such exposure could be measured. In...more
Insurance carriers will find the following topics, recently discussed at the National Association of Insurance Commissioners (NAIC), relevant to capital management, financial risk, solvency and similar “prudential” issues,...more
12/11/2019
/ Business Transfer Agreements ,
Capital Assets ,
Capital Requirements ,
Derivatives ,
Financial Solvency ,
Health Insurance ,
IAIS ,
Insurance Regulations ,
NAIC ,
Net Investment Income ,
Regulatory Agenda ,
Reinsurance ,
Risk Management
In a previous issue of FundsTalk, we discussed collateralized fund obligations (CFOs), investments backed by portfolios of private investment fund interests. In recent months, the National Association of Insurance...more
11/4/2019
/ CFOs ,
Consumer Insurance Products ,
Debt Instruments ,
Equity ,
Financial Regulatory Reform ,
Investment ,
Investment Portfolios ,
NAIC ,
Private Investment Funds ,
Public Comment ,
Rulemaking Process ,
Working Groups
On a May 15 conference call, the Reinsurance Task Force of the National Association of Insurance Commissioners (NAIC) advanced model legislation on reciprocal treatment for reinsurers as between the United States, on the one...more
Recent efforts by the National Association of Insurance Commissioners (NAIC), the principal standard-setting body for insurance regulation in the U.S., to establish a “group capital” standard (that is, capital-adequacy rules...more
At the recent National Association of Insurance Commissioners (NAIC) Summer National Meeting held in Philadelphia from August 6, 2017, to August 9, 2017, the NAIC continued its work on group capital calculation standards,...more
The federal government, state insurance regulators and international regulatory bodies are all actively engaged in the development of capital standard calculations to be employed in the supervision of entities in their...more