Securities Valuation Office & Structured Securities Group
Together, the Securities Valuation Office (SVO) and Structured Securities Group (SSG) comprise the NAIC’s Investment Analysis Office (IAO), a dedicated team of investment experts assessing the risk and advising regulators regarding insurer investments.
Securities Valuation Office (SVO)
The SVO is the professional staff assigned to support the Valuation of Securities (E) Task Force conducting credit quality risk assessments of insurer owned corporate, municipal, government, private placement, structured, foreign and fund security types along with other investment types and reviews.
Structured Securities Group (SSG)
The SSG is the professional staff assigned to assess the risks associated with securitizations and other complex financially engineered securities; specifically, residential mortgage backed securities (RMBS), commercial mortgage backed securities (CMBS), and mortgage reference securities.