Agenda

This session will demonstrate the use of the Enterprise Data Platform’s new business intelligence tool, ThoughtSpot, a self-service data analytics resource. This demo will highlight how easy ThoughtSpot is to understand and use when accessing Financial Data Repository (FDR) data for ad hoc and recurring reporting needs.

This session will provide an outlook on the U.S. economy, as well as a discussion on the events and trends that have led to the current economic challenges impacting the country and financial regulation.

This session will provide the status and recent discussions on three key topics of the Statutory Accounting Principles (E) Working Group: 1) the principles-based bond project; 2) the accounting for negative interest maintenance reserve (IMR); and 3) the direction for the corporate alternative minimum tax (CAMT).

The Macroprudential Monitoring Working Group and the Macroprudential Supervision Working Group of the International Association of Insurance Supervisors (IAIS) are primarily charged with implementing the Global Monitoring Exercise (GME) and monitoring potential systemic risks in the global insurance industry. This session will provide an overview of the key processes that go into the GME, how key risk themes are identified, and the supervisory course of action taken on those risk themes.

Why have there been so many health insurer insolvencies and market withdrawals? Can we stop it from happening? This session will discuss early warning signs of insurance company insolvencies and provide a practical approach to application and tips on dealing with potential insolvencies.

This session will include an update and overview from AM Best on their updated methodology on Available Capital and Holding Company Analysis as well as its new framework for evaluating the performance of Managing General Agents and other Delegated Underwriting Authority Enterprises (DUAEs)

A panel of special deputy and assistant receivers will discuss: 1) the changes to the holding company act regarding agreements with affiliates for services and how they can impact a receivership; and 2) IRMA provisions that have not been widely adopted but can significantly improve receivership operations.

The roles and responsibilities of insurance financial solvency regulators are unique, ever-changing, and vitally important. Due to the complexity of the insurance industry, financial analysts and examiners can find themselves in difficult situations where there may not be a clear answer, and professional judgment is necessary. This session will share everyday experiences that will help regulators in these challenging situations.

This session will focus on recent and pending changes to the Financial Analysis Handbook, including changes to improve efficiency, and provide an overview of significant upcoming changes to the NAIC’s financial analysis tools.

This session will present updates to the Financial Condition Examiners Handbook, as well as current and future projects of the Financial Examiners Handbook (E) Technical Group.

This session will discuss detailed aspects and trends in the banking sector that led to the problems at Silicon Valley Bank and Signature Bank. It will also discuss the impact these events had on the insurance industry, along with the interconnections banking has on insurance. The session will close with a discussion on the potential long-term implications of these events and related actions.

This session will include discussion of the role and purpose of the accreditation program in state regulation, why it is important to financial solvency and some common trends that many states are currently experiencing. Insights will be shared from the perspective of a financial regulator and NAIC staff.

This session will examine the different angles of a natural catastrophe and how far the indirect impacts can reach.

This session will include discussion of common misunderstandings of the accreditation program, what and how findings are discussed among review team members, how states may prepare staff for accreditation processes and reviews, and the role of the Financial Regulation Standards and Accreditation (F) Committee in the accreditation process. Additionally, participants will have an opportunity to get a glimpse of a review team’s discussion session. Insights will be shared from the perspective of a financial regulator, accreditation team leader and NAIC staff.

This session will describe modifications to the Financial Condition Examiners Handbook and the Financial Analysis Handbook to address climate-related risks. Join this session to learn the context behind the changes and how state insurance regulators can implement them. Additionally, this session will give an overview of the tools and resources available to state insurance regulators regarding the use of catastrophe models by insurers to assess and manage climate-related risks.

This session will discuss the current and upcoming accounting and reporting of collateralized loan obligations (CLOs), as well as the Securities Valuation Office (SVO) designation process for syndicated CLOs.

In December 2022, the International Association of Insurance Supervisors (IAIS) published its annual Global Insurance Market Report (GIMAR) to identify climate-affected investment in insurer investment portfolios from a global perspective. This session will discuss the U.S.-specific results from this report and the methodology employed to develop these results, highlighting the coverage extension into insurers’ municipal bond portfolio.

This session will provide a comprehensive update on the TeamMate+ transition, highlighting the latest statistics and key milestones achieved thus far. Attendees will have the opportunity to engage with fellow regulators, NAIC staff, and experts supporting the TeamMate+ application to address specific questions, seek guidance, and share experiences or concerns related to TeamMate+ Implementation.

Reinsurance is an essential risk management tool, and it is heavily utilized by property/casualty (P/C) insurers. The structure of a reinsurance agreement can vary significantly depending upon many factors. This session will walk through examples of reinsurance agreements with different degrees of complexity and how catastrophe models are used to determine catastrophic reinsurance coverage. This session will also discuss changes that are being made to the reinsurance repository in the Financial Condition Examiners Handbook.

As markets become more complex and insurers increase their involvement in different asset classes, this session will highlight approaches examiners can use to identify what underlying risks present the most significant concern to an insurer's asset liability management. The session will include open discussion on where additional guidance may be beneficial, including what may be appropriate for the Financial Condition Examiners Handbook or Financial Analysis Handbook.