Life at the NAIC meeting: Reserves and more reserves
April 1, 2013 by Elizabeth D. Festa
So you want to go to Texas for the springtime to discuss reserves? Not oil reserves, actuarial.
The National Association of Insurance Commissioners (NAIC) is meeting next week in Houston for its Spring national meeting, where the spotlight will be on the progress of certain ongoing key product reserving and solvency-related initiatives which have garnered industry support even as the new products are defined.
The new Principle-Based Reserving (PBR) Implementation Task Force will meet and update the Life Insurance and Annuities Committee as it coordinates the work of NAIC technical groups addressing PBR issues such as further assessing the solvency implications of life insurer-owned captive insurers. Click here to read…