State regulators turn fire on NAIC over principle-based reserving

us-flag-washington-dc

US state regulators are in open rebellion against the National Association of Insurance Commissioners' (NAIC) plans to introduce a new reserving system for life insurers, amid fears it will result in firms holding less capital to back their liabilities.

A number of state commissioners have lined up to warn the NAIC that ploughing ahead with implementation of principle-based reserving (PBR) without taking on board the concerns of individual states could upset the domestic insurance market and

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here