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 issues and ensures its communication to all relevant audiences.


Staff liaison: Marc Rosenberg


Chairperson: Lauren Cavanaugh
Michael Angelina
Marios Argyrou
Natalie Atkinson
Pauline Bao
Lesley Bosniack
Sandra Callanan
Wanchin Chou
Joseph Cofield
Dennis Franciskovich
Denis Guenthner
Allan Kaufman
Francois Morin
Judy Mottar
Lisa Slotznick
David Traugott
Jianhui Yu

Related Publications

Report to the NAIC Investment Risk-Based Capital (E) Working Group, Health Risk-Based Capital (E) Working Group, and Property and Casualty Risk- Based Capital (E) Working Group on indicated bond risk factors for the Property Casualty Risk Based Capital Formula (P&C RBC Formula) and the Health Risk Based Capital Formula (Health RBC Formula).
(July 30, 2018)
Joint P&C/Health Bond Factors Analysis Work Group discussion draft of a report to the NAIC’s Joint Health RBC and P/C RBC Drafting Group on bond factors on risk charges for speculative grade (SG) bonds. (May 29, 2018)
Joint P&C/Health Bond Factors Analysis Work Group discussion draft of a report to the NAIC’s Joint Health RBC and P/C RBC Drafting Group on bond factors.
(January 31, 2018)
Comment letter submitted jointly by the P/C RBC Committee and the Health Solvency Subcommittee regarding changes to corporate bond factors being considered by the NAIC’s Investment Risk-Based Capital Working Group. (July 25, 2017)
Joint Property and Casualty Risk-Based Capital Committee and Health Solvency Subcommittee letter to the NAIC's Operational Risk Subgroup on proposed changes to the operational risk factor in risk-based capital (RBC) formulas for property/casualty and health. (December 19, 2016)
Property and Casualty Risk-Based Capital Committee report to the NAIC's Property/Casualty Risk-Based Capital (E) Working Group providing a detailed update of property and casualty risk-based capital underwriting factors. (October 28, 2016)
P/C Risk-Based Capital Committee comments to the NAIC’s Capital Adequacy Task Force on the ongoing examination of the bond risk factors used in the P/C risk-based capital (RBC) formula. (November 10, 2015)
Catastrophe Risk Subcommittee of the P/C Risk-Based Capital (RBC) Committee comments to the NAIC’s Catastrophe Risk Subgroup on the proposal to revise the calculation of catastrophe risks R6 and R7 for the 2015 reporting year. (June 12, 2015)
RBC Catastrophe Risk Subcommittee comments to NAIC’s Catastrophe Risk (E) Subgroup on revised Form PR026 for the 2015 reporting year. (May 22, 2015)
P/C Risk-Based Capital (RBC) Committee comment letter to the National Association of Insurance Commissioners’ Property/Casualty Risk-Based Capital Working Group on methods of properly quantifying reserve and premium underwriting factors. (March 13, 2015)