This subcommittee analyzes issues related to life and annuity capital adequacy and recommends methods to improve life risk-based capital requirements. The LCAS is a technical advisor on solvency issues to the NAIC, including the NAIC’s Solvency Modernization Initiative Task Force. The LCAS operates with a few workgroups, including the Invested Asset Work Group, the Economic Scenario Generator and Economic Scenario Implementation Work Groups. This Subcommittee works with other Life Practice Council groups on the implementation of PBA and is a liaison to the Risk Management and Financial Reporting Council’s Solvency and ERM Task Forces.
Staff liaison: John Meetz
Chairperson(s): Jeff Johnson, Patricia Matson
