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Risk-Focused Surveillance (E) Working Group

2020 Proposed Charges

The Risk-Focused Surveillance (E) Working Group will:

  1. Continually review the effectiveness of risk-focused surveillance and develop enhancements to processes as necessary.
  2. Continually review regulatory redundancy issues identified by interested parties and provide recommendations to other NAIC committee groups to address as needed.
  3. Oversee and monitor the Peer Review Program to encourage consistent and effective risk-focused surveillance processes.
  4. Continually maintain and update standardized job descriptions/requirements and salary range recommendations for common solvency monitoring positions to assist insurance departments in attracting and maintaining suitable staff.

2019 Charges

The Risk-Focused Surveillance (E) Working Group will:

  1. Continually review the effectiveness of risk-focused surveillance and develop enhancements to processes as necessary.
  2. Continually review regulatory redundancy issues identified by interested parties and provide recommendations to other NAIC committee groups to address as needed.
  3. Oversee and monitor the Peer Review Program to encourage consistent and effective risk-focused surveillance processes.
  4. Consider recommendations to the Financial Regulation Standards and Accreditation (F) Committee for the purpose of evaluating the suitability of insurance department staffing in relation to the necessary skill sets. Complete by the 2019 Fall National Meeting.
  5. Continually maintain and update standardized job descriptions/requirements for common solvency monitoring positions to assist insurance departments in attracting and maintaining suitable staff.
  6. Review the Financial Condition Examiners Handbook salary and per diem guidelines to determine the applicability, value and use to the states; consider alternative approaches based on current financial solvency responsibilities. Complete by the 2019 Fall National Meeting.
Related NAIC Publications

Contacts

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


Bruce Jenson, CPA
Assistant Director – Solvency Monitoring
Phone: 816-783-8348

Jane Koenigsman
Sr. Manager, L/H Financial Analysis
Phone: 816-783-8145

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

 

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