Abstract
Begun as one of the five main components of the NAIC Solvency Policing Agenda for 1990, significant progress has been made in developing Risk-Based Capital requirements for property-casualty insurance companies. These requirements will be based on a formula calculation of risks facing an individual company including the risk of adverse loss reserve development, the risk of declines in inadequate pricing and the risk of declines in asset values. The resulting calculation is planned as a new Annual Statement schedule. The panelists will discuss the development of proposed formulas and the current implementation plans. The purpose and limitations of Risk-Based Capital formulas will also be discussed.
Page
287-318
Year
1992
Categories
Actuarial Applications and Methodologies
Regulation and Law
Risk-Based Capital
Publications
CLRS Transcripts
