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Generator of Economic Scenarios (GOES) (E/A) Subgroup

2024 Membership

2024 Adopted Charges

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 economic scenario generator 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 economic scenario generator updates and maintain a public timeline for economic scenario generator updates.
  4. Support the implementation of an economic scenario generator for use in statutory reserve and capital calculations.
  5. Develop and maintain acceptance criteria that reflect history as well as plausibly more extreme scenarios.
Generator of Economic Scenarios (GOES) (E/A) Subgroup - 04032024

Public Webex Meeting
Wednesday, April 10, 2024
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 meeting of the GOES (E/A) Subgroup scheduled for 4/3 has been re-scheduled for 4/10. A new set of scenarios, associated statistics, and other information will be posted to the GOES SharePoint as they are available.

 

Agenda – April 10, 2024:

  1. Review Revised Calibration of GOES
    1. GOES EA SG Scenario Review 041024
  2. Discuss GOES Field Test #2
    1. NAIC GOES 2024 Field Test Instructions Redline
    2. NAIC GOES 2024 Field Test Instructions Clean
  3. SERT Scenario Discussion
  4. Other

Generator of Economic Scenarios (GOES) (E/A) Subgroup - 03172024

Public Webex Meeting
Wednesday, April 17, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.


Generator of Economic Scenarios (GOES) (E/A) Subgroup - 05012024

Public Webex Meeting
Wednesday, May 01, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.


Generator of Economic Scenarios (GOES) (E/A) Subgroup - 05152024

Public Webex Meeting
Wednesday, May 15, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.


Generator of Economic Scenarios (GOES) (E/A) Subgroup - 05292024

Public Webex Meeting
Wednesday, May 29, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.


Generator of Economic Scenarios (GOES) (E/A) Subgroup - 06122024

Public Webex Meeting
Wednesday, June 12, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.


Generator of Economic Scenarios (GOES) (E/A) Subgroup - 06262024

Public Webex Meeting
Wednesday, June 26, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.


Generator of Economic Scenarios (GOES) (E/A) Subgroup - 07102024

Public Webex Meeting
Wednesday, July 10, 2024
12:00 PM ET, 11:00 AM CT, 10:00 AM MT, 9:00 AM PT
Expected Length of Call: 1 hr
Webex Link

To be determined.


Related NAIC Publications

Contacts

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


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

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