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Property and Casualty Risk-Based Capital (E) Working Group

2025 Membership (PDF)

2025 Charges

  1. The Property and Casualty Risk-Based Capital (E) Working Group will:
    1. Evaluate refinements to the existing NAIC RBC formulas implemented in the prior year. Forward the final version of the structure of the current year life and fraternal, property/casualty (P/C), and health RBC formulas to the Financial Condition (E) Committee by June.
    2. Consider improvements and revisions to the various RBC blanks to: 1) conform the RBC blanks to changes made in other areas of the NAIC to promote uniformity; and 2) oversee the development of additional reporting formats within the existing RBC blanks as needs are identified. Any proposal that affects the RBC structure must be adopted no later than May 15 of the reporting year, and any proposal that affects the RBC factors and/or instructions must be adopted no later than June 30 of the reporting year. Adopted changes will be forwarded to the Financial Condition (E) Committee by the next scheduled meeting. Any adoptions made to the annual financial statement blanks or statutory accounting principles that affect an RBC change adopted by June 30 and result in an amended change may be considered by and adopted by July 30, where the Capital Adequacy (E) Task Force votes to pursue by two-thirds consent of members.
    3. Monitor changes in accounting and reporting requirements resulting from the adoption and continuing maintenance of the revised Accounting Practices and Procedures Manual (AP&P Manual) to ensure that model laws, publications, formulas, analysis tools, etc., supported by the Task Force continue to meet regulatory objectives.
    4. Review the effectiveness of the NAIC’s RBC policies and procedures as they affect the accuracy, audit ability, timeliness of reporting access to RBC results, and comparability between the RBC formulas. Report on data quality problems in the prior year RBC filings at the summer and fall national meetings.

The following Subgroup reports to the Property and Casualty Risk-Based Capital (E) Working Group:

Jt. Call of the Property and Casualty Risk-Based Capital (E) Working Group and Catastrophe Risk (E) Subgroup
Joint Meeting:
Property and Casualty Risk-Based Capital (E) Working Group
Catastrophe Risk (E) Subgroup

Public Webex Meeting
Tuesday, February 18, 2025
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

The purpose of the call is to 1) hear updates on wildfire impact analysis, 2) discuss wildfire modeled losses impact analysis, 3) discuss climate impact disclosures, 4) discuss the possibility of having panel discussion on flood, 5) hear updates from the Wildfire Model Review Ad Hoc Group regarding the CoreLogic wildfire model review, 6) hear updates from the Academy regarding the underwriting risk projects, and 7) receive referrals from the SAPWG regarding capital notes and non-bond debt securities. 


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Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Eva Yeung 
Senior Property/Casualty RBC Specialist & Technical Lead 
816-783-8407

Maggie Chang
Manager II, Solvency Policy
816-783-8976

Please see the current Committee List for a complete list of committee members.