2024 Membership (PDF)

2025 Charges

The mission of the Casualty Actuarial and Statistical (C) Task Force is to identify, investigate and develop solutions to actuarial problems and statistical issues in the property/casualty (P/C) insurance industry. The Task Force's goals are to assist state insurance regulators with maintaining the financial health of P/C insurers; ensuring P/C insurance rates are not excessive, inadequate or unfairly discriminatory; and ensuring that appropriate data regarding P/C insurance markets are available.

1. The Casualty Actuarial and Statistical (C) Task Force will:
   
   1. Provide reserving, pricing, ratemaking, statistical, and other actuarial support to NAIC committees, task forces, and/or working groups. Propose changes to the appropriate work products, with the most common work products noted below, and present comments on proposals submitted by others relating to casualty actuarial and statistical matters. Monitor the activities regarding casualty actuarial issues, including the development of financial services regulations and statistical reporting, including disaster.
      
      1. Property and Casualty Insurance (C) Committee: Ratemaking, reserving, or data issues.
      2. Blanks (E) Working Group: Property/casualty (P/C) annual financial statement, including Schedule P; P/C quarterly financial statement; and P/C quarterly and annual financial statement instructions, including the Statement of Actuarial Opinion (SAO) and Actuarial Opinion Summary Supplement.
      3. Capital Adequacy € Task Force: P/C risk-based capital (RBC) report.
      4. Statutory Accounting Principles (E) Working Group: Accounting Practices and Procedures Manual (AP&P Manual), and review and provide comments on statutory accounting issues being considered under Statement of Statutory Accounting Principles (SSAP) No. 65—Property and Casualty Contracts.
      5. Speed to Market (D) Working Group: P/C actuarial sections of the Product Filing Review Handbook.
   2. Monitor national casualty actuarial developments, and consider regulatory implications.
      
      1. Casualty Actuarial Society (CAS): Statements of Principles and Syllabus of Basic Education.
      2. American Academy of Actuaries (Academy): Standards of Practices, Council on Professionalism, and Casualty Practice Council.
      3. Society of Actuaries (SOA): Anticipated changes to education pathways.
      4. Federal legislation.
   3. Facilitate discussion among state insurance regulators regarding rate filing issues of common interest across the states through the scheduling of regulator-to-regulator meetings.
   4. Conduct the following predictive analytics work:
      
      1. Facilitate training and the sharing of expertise through predictive analytics webinars (Book Club).
      2. Coordinate with the Innovation, Cybersecurity, and Technology (H) Committee and the Life Actuarial (A) Task Force on the tracking of new uses of artificial intelligence (AI), auditing algorithms, product development, and other emerging regulatory issues. Discuss regulatory oversight of AI and machine learning (ML) in insurers’ ratemaking, reserving, and other activities.
      3. With the NAIC Rate Model team’s assistance, discuss guidance for the regulatory review of models used in rate filings.
   5. Research cyber liability insurance, and discuss regulatory data needs.