Generator of Economic Scenarios (GOES) (E/A) Subgroup
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  1. The Generator of Economic Scenarios (GOES) (E/A) Subgroup of the Life Risk-Based Capital (E) Working Group and the Life Actuarial (A) Task Force will:
    1. Monitor that the economic scenario governance framework is being appropriately followed by all relevant stakeholders involved in scenario delivery.
    2. Review material GOES updates, either driven by periodic model maintenance or changes to the economic environment, and provide recommendations.
    3. Regularly review key economic conditions and metrics to evaluate the need for off-cycle or significant GOES updates, and maintain a public timeline for GOES updates.
    4. Support the implementation of the GOES for use in statutory reserve and capital calculations. 
    5. Develop and maintain acceptance criteria that reflect history as well as plausibly more extreme scenarios.
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Generator of Economic Scenarios (GOES) (E/A) Subgroup - 05132026

Public Webex Meeting
Thursday, May 28, 2026
2:00 PM ET, 1:00 PM CT, 12:00 PM MT, 11:00 AM PT
Expected Duration: 1 hour
Webex Link

Please note: The time and date of this meeting has changed.

5/28 Agenda

  1. Consider Exposure of GOES Model Governance Framework with NAIC Staff Suggested Edits
  2. Discuss GOES Backtesting Report
  3. Consider Exposure of GOES Software Update Recommendation and Support

There are no meeting materials at this time.

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Contacts

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

Scott O'Neal
Managing Life Actuary
816-783-8814

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