Risk-Based Capital

Risk-based capital issues in property and casualty actuarial practice, including its treatment by the National Association of Insurance Commissioners.

P/C RBC Committee Report on International Methodologies of Risk Correlation

P/C Risk-Based Capital Committee report to the NAIC's Solvency Modernization Initiative RBC Subgroup on risk correlation methodologies used to determine regulatory solvency capital requirements in advanced jurisdictions outside the U.S. (November 15, 2012)

Casualty Practice Council Comments on Proposed Changes to the RBC Formula to Incorporate Catastrophe Risk

Casualty Practice Council Comments to the NAIC's Catastrophe Risk Subgroup on its proposed changes to the Risk-Based Capital formula spreadsheets to incorporate property catastrophe risk. (October 29, 2012)

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)

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)

Joint Report on SMI Project

Life, Health, and Property/Casualty RBC committees joint report in response to the NAIC's request for assistance with the Solvency Modernization (SMI) project on the NAIC's Risk-Based Capital (RBC) formulas. The report discusses the intended/expected safety levels for RBC and identifies risks that are missing from the RBC formulas. (January 31, 2011)

DTA Bridge Group Revised Report

Deferred Tax Asset Bridge Group revised report and accompanying cover letter to the NAIC Capital Adequacy Task Force showing the appropriate treatment of the Deferred Tax Asset (DTA) in the Risk-Based Capital formulas for Life, Property/Casualty, and Health. (December 16, 2010)

P/C RBCC Response to NAIC Request on RBC Issues

P/C Risk-Based Capital Committee response to the NAIC's request on risk-based capital issues. (October 1, 2010)

Casualty Practice Council Request for CAS Research Assistance on RBC SMI Project

Casualty Practice Council request for research assistance from the Casualty Actuarial Society in conjunction with its efforts to aid the National Association of Insurance Commissioners with its RBC SMI project. (September 30, 2010)

DTA Bridge Group Final Report

Deferred Tax Asset Bridge Group final report to the NAIC Capital Adequacy Task Force showing the appropriate treatment of the Deferred Tax Asset (DTA) in the Risk-Based Capital formulas for Life, Property/Casualty, and Health. (September 30, 2010)

Comments to NAIC on Updated Property/Casualty RBC Underwriting Factors

Property and Casualty Risk-Based Capital Committee update to the National Association of Insurance Commissioners (NAIC)'s Property & Casualty Risk-Based Capital Working Group regarding the RBC Committee's prior March 2010 update of the property/casualty RBC underwriting factors. (June 22, 2010)

Comments to NAIC on Updated Property/Casualty RBC Underwriting Factors

Property and Casualty Risk-Based Capital follow-up comments to the National Association of Insurance Commissioners (NAIC)'s Property Risk-Based Capital Working Group regarding the Committee's March 2010 update of the property/casualty RBC underwriting factors. (May 18, 2010)

P/C RBC Committee Update to Underwriting Risk Factors to NAIC Property RBC Working Group

P/C Risk-Based Capital Committee update to its 2007 underwriting risk factor update and related 2008 addendum to the NAIC's Property RBC Working Group. (December 9, 2008)

P/C RBC Committee Addendum on Revised Updated Underwriting Risk Factors to NAIC Property RBC Working Group

P/C Risk-Based Capital Committee addendum to its September 2007 report on the RBC formula's underwriting risk factors at the request of the NAIC's Property Risk-Based Capital Working Group.
(March 25, 2008)

Report on RBC Underwriting Factors to NAIC Property RBC Working Group

P/C Risk-Based Capital Committee report to the NAIC's Property Risk-Based Capital Working Group on the underwriting risk charges used in the P/C RBC formula. (September 25, 2007)

Comments on IAA Draft on RBC Solvency Structure

P/C Risk-Based Capital Committee comments on an IAA draft concerning an RBC solvency structure. (March 14, 2002)