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The NAIC's Market Analysis Procedures Working Group (MAP) is the national forum for states to share and coordinate their market analysis programs. MAP reviews and coordinates state market analysis programs and develops procedures for uniform, nationwide analysis using their adopted Framework for Market Analysis. For 2012, MAP is tasked with:
- Developing an MCAS blank to be used for the collection of data for an additional line of business;
- Making recommendations for the enhancement and improvement of the Market Regulation Handbook market analysis chapters;
- Developing a best practices guide to be used by state insurance regulators to analyze the MCAS data on a company-specific, group and national basis;
- Making recommendations for the enhancement and improvement of the content used in the Market Analysis Tools; and
- Providing recommendations regarding the refinements and expansions to the MCAS data elements
MAP is chaired by Chuck Vanasdalan (NH). MAP reports to the Market Information Systems (D) Task Force and works closely with the Market Analysis (D) Working Group (MAWG) and the Market Conduct Examinations Standards (D) Working Group.
MCAS
MAP is responsible for overseeing the Market Conduct Annual Statement (MCAS) definitions and data elements. For additional information regarding MCAS, click on the following link: MCAS.
MACs
The Market Analysis Chief (MAC) is the principal liaison with the NAIC Market Analysis Department and the MAP (D) Working Group.
Market Analysis Review System (MARS)
The Market Analysis Review System (MARS) is designed to document that a review was performed on select insurance companies, as well as to document a market analyst’s input, conclusions, and recommended next steps. The analysis should be completed using information currently available to a state without contacting a company.
MAP has adopted the following recommended numbers of Level 1 Analysis Reviews. In 2011, the number of Level 1 Analysis Reviews completed will be measured on a calendar year basis, each January.
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