Property and Casualty Risk-Based Capital Committee

This committee works on Risk-Based Capital (RBC) and related solvency management tools. It monitors the performance of, and suggests enhancement to, the RBC methodology used by the National Association of Insurance Commissioners (NAIC). The committee is involved in a review of the current RBC approach and ways to improve it in the context of the Solvency Modernization Initiative. Some of the committee work is done at the request of the NAIC; there is significant interaction between the committee and the NAIC’s Property Risk-Based Capital Working Group. The committee provides actuarial input on all RBC and solvency monitoring issues and ensures its communication to all relevant audiences.

Staff liaison: Lauren Pachman

Chairperson: Alexander Krutov
 Karen Adams
 Saeeda Behbahany
 Linda Bjork
 Neil Bodoff
 Brian Brown
 Sandra Callanan
 Thomas Conway
 Charles Emma
 Robert Eramo
 Sholom Feldblum
 Kyle Freeman
 Steven Goldberg
 Loic Grandchamp-Desraux
 Steven Groeschen
 Aaron Halpert
 William Hansen
 James Hurley
 Shiwen Jiang
 Allan Kaufman
 Thomas Le
 Giuseppe Le Pera
 Ramona Lee
 Sarah McNair-Grove
 Glenn Meyers
 Francois Morin
 Sean O Dubhain
 Harvey Sherman
 Achille Sime-Lanang
 Paul Vendetti
 Mark Verheyen
 Xiaoying (Jenny) Yi
 John Yonkunas
 Navid Zarinejad

Related Publications

Letter to SMI RBC Subgroup on CAS Working Party Activity
P/C Risk-Based Capital Committee letter to Solvency Modernization Initiative RBC Subgroup concerning CAS Working Party research on potential improvements to the NAIC's P/C RBC framework. (July 10, 2012)
Comments on White Paper, 'The U.S. National State-Based System of Insurance Financial Regulation and the Solvency Modernization Initiative'
Public policy practice groups comments to the NAIC on its draft white paper on the Solvency Modernization Initiative and insurance regulation offering suggestions encompassing RBC, ORSA, and NAIC model laws. (April 30, 2012)
P/C RBC Committee Letter on SMI Project
Property/Casualty RBC Committee update in response to the NAIC's request for assistance with the Solvency Modernization project on the NAIC's Risk-Based Capital formulas. This update discusses the Committee's progress toward providing recommendations for improving the correlation/covariance methodologies used in the P/C RBC formula. (July 21, 2011)
Letter to NAIC's P/C Risk-Based Capital Working Group on RBC SMI Project
P/C RBC Committee letter to the NAIC's P/C RBC Working Group regarding the Academy's joint report in response to the NAIC's request for assistance with its Solvency Modernization project on its RBC formulas. (February 22, 2011)