C1 Work Group (LPC)
The C1 Work Group was formed in 2012 to review and revise the current capital requirements for the investment risks of life insurance companies, as contained in the Life RBC formula. The work group is reviewing all aspects of the C1 component, including assumptions, methodologies and consistency of risk measures. The work group will recommend revisions as appropriate, which may include RBC factor updates, NAIC bond designations, and use of alternative methods of capital determination for specific asset classes. The C1 Work Group has several subgroups focusing on specific aspects of the C1 review, including the Default, Recovery, Reserve Offset, AVR, Economic Model, Bond Model, and Representative Portfolio subgroups.
Staff liaison:Chairperson: Stephen Smith
Marc Altschull
Adam Arians
Philip Barlow
R. Jerome Holman
Jeffrey McClure
Jennifer Parkes
James Reiskytl
Ainul Shafiqah Shafie
Lisa Thomas
Chris Trost
Linus Waelti
Mark Yu