Consulting Services to Insurance Regulators
May 14, 2020
The Use of Advanced Predictive Analytics for Rate Making in Insurance
Authored by: Kemi Akinyemi and Ben Leiser Published in SOA: Actuarial Technology Today, May 2020. The Society of Actuaries Actuarial Innovation & Technology Program Steering Committee engaged Risk & Regulatory Consulting LLC (RRC) to conduct research on the intersection of U.S. insurance ratemaking and analytics techniques in advanced modern rating systems and associated regulatory considerations...
April 22, 2020
March 19, 2020
The Use of Big Data and Data Analytics to Enhance Insurer Operations in Asia-Pacific
Written By: Veronika Cooper Published In: SOFE, The Examiner Spring 2020 In 2019, Risk & Regulatory Consulting, LLC authored a study sponsored by the Society of Actuaries (SOA) that covered the extent of the use of Big Data or Data Analytics to enhance insurer operations, including sales, distribution, product development, underwriting, and claim management within...
March 11, 2020
Asset Valuations in a Volatile and Uncertain Market Q1-2020
Authored by: Edward Toy – Senior Manager, Investment Specialist There is an inherent risk in presenting any cogent ideas about the market in an environment as what we have been experiencing in recent weeks. At any given moment, the data I am relying on may be substantially stale as the Dow Industrials, which is 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...
December 3, 2019
Asset Valuations in a Volatile and Uncertain Market
Authored by: Edward Toy – Senior Manager, Investment Specialist As the various investment markets head towards the end of the calendar year, one of the inevitable questions for US insurers is, and has always been, what will be appropriate valuations for their invested assets. While the majority of invested assets for US insurers are reported...
September 1, 2019
Methodologies for Valuing Cash Flows That Extend Beyond the Yield Curve
Authored by: Benjamin Leiser and Jack Kerbeshian Published in SOA: Risk Management, September 2019 In 2018, Risk & Regulatory Consulting conducted a study on methodologies used for yield curve extrapolation to value liability cash flows that extend beyond the maximum observable portion of the yield curve. The study was sponsored by the Society of Actuaries...
July 15, 2019
Asset Liquidity
Authored by: Edward Toy – Senior Manager, Investment Specialist There have been many lessons learned over the years as to what can cause problems for investors, including insurance companies, when economies weaken and markets struggle. One of the most significant out of the financial crisis of 2007/8, is that liquidity should be a focus. In...
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...
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RRC’s Comments Regarding the Draft Template that State DOIs may use to Assist in Assessing the Impact of COVID-19 on 2021 ACA Rates