P/C Post-NAIC Update — Summer 2016
An overview of the the top P/C issues discussed at NAIC Summer 2016 National Meeting.
The Long-Term Care (LTC) Credibility Monograph Work Group published a monograph on increasing the awareness of the applicability of credibility procedures to LTCI-related work, providing information on current practices, and outlining considerations and suggestions for advancing actuarial practice in LTCI.
The Financial Regulatory Task Force submitted comments to the Federal Reserve Board (Fed) on its proposed rule on Enhanced Prudential Standards for Systemically Important Insurance Companies.
The ERM/ORSA Committee submitted comments to the NAIC’s National Treatment and Coordination (E) Working Group on its “Draft Form A Review Best Practices” exposure document.
The ERM/ORSA Committee provided a presentation to the National Association of Insurance Commissioners' (NAIC) ORSA Implementation (E) Subgroup on the committee's recently released ORSA and the Regulator policy paper and an ORSA risk exposures practice note.
The August issue of HealthCheck covers Senior Health Fellow Cori Uccello’s participation in a panel discussion on 2017 premium cost drivers; the Academy’s testimony to a congressional health insurance hearing; and several new health-issue election guides; and includes reminders on the Annual Meeting and Public Policy Forum and the Life and Health Qualifications Seminar.