Conference Call
Kris DeFrain, Conductor
Monday, October 2, 2017
11:00 a.m. PT/ 12:00 p.m. MT/ 1:00 p.m. CT/ 2:00 p.m. ET
Duration: 1 hour

Conference Call
Kris DeFrain, Conductor
Tuesday, September 12, 2017
11:00 a.m. PT/ 12:00 p.m. MT/ 1:00 p.m. CT/ 2:00 p.m. ET

There are no exposure drafts at this time.

Related NAIC Publications

Contacts

Casualty Actuarial and Statistical (C)
Task Force

 

Mission

The mission of the Casualty Actuarial and Statistical (C) Task Force is to identify, investigate and develop solutions to actuarial problems and statistical issues in the P/C insurance industry.

The Task Force's goals are to maintain the financial health of P/C insurers and to ensure that appropriate data regarding P/C insurance markets are available.

2017 Charges

Ongoing Support of NAIC Programs, Products or Services

The Casualty Actuarial and Statistical (C) Task Force will:

  1. Provide reserving, pricing, ratemaking, statistical and other actuarial support to NAIC committees, task forces and/or working groups. Propose changes to the appropriate work products (with the most common work products noted below) and present comments on proposals submitted by others relating to casualty actuarial and statistical matters. Monitor the activities, including the development of financial services regulations and statistical (including disaster) reporting, relating to casualty actuarial issues.

    1.  Blanks (E) Working Group (P/C annual financial statement, including Schedule P; P/C quarterly financial statement; P/C quarterly and annual financial statement instructions, including Statement of Actuarial Opinion and Actuarial Opinion Summary Supplement).
    2.  Statutory Accounting Principles (E) Working Group (Accounting Practices and Procedures Manual). Review and provide comments on statutory accounting issues being considered under SSAP No. 65—Property and Casualty Contracts.
    3.  Capital Adequacy (E) Task Force (P/C RBC report).
    4. Financial Analysis Handbook (E) Working Group (P/C actuarial sections and other sections regarding the use of P/C actuaries in the risk-focused examination process of the Financial Analysis Handbook).
    5. Financial Examiners Handbook (E) Technical Group (P/C actuarial sections and other sections regarding the use of P/C actuaries in the risk-focused examination process of the Financial Condition Examiners Handbook).
    6. Operational Efficiencies (EX) Working Group (P/C actuarial sections of the Product Filing Review Handbook).
    7. Auto Insurance (C/D) Working Group (affordability, data call, any remaining issues related to price optimization).
  2. Monitor national casualty actuarial developments and consider regulatory implications.
    1. Casualty Actuarial Society (CAS) (Statements of Principles and Syllabus of Basic Education).
    2. American Academy of Actuaries (Academy) (Standards of Practices, Council on Professionalism and Casualty Practice Council).
    3. Society of Actuaries (SOA) (general insurance track).
    4. Federal legislation.
  3. Monitor activities related to the Own Risk and Solvency Assessment (ORSA), including the activities of the Group Solvency Issues (E) Working Group, the Academy, the International Actuarial Association (IAA) and other relevant organizations.
  4. Facilitate discussion among regulators regarding rate filing issues of common interest across states through the scheduling of regulator-to-regulator conference calls.

NAIC Support Staff: Kris DeFrain/Jennifer Gardner