The Risk-Focused Surveillance (E) Working Group will:
Continually review the effectiveness of risk-focused surveillance and develop enhancements to processes as necessary.
Consider specific regulatory redundancy issues provided by interested parties and provide recommendations to other NAIC committee groups as needed.
Oversee and monitor the Peer Review Program to encourage consistent and effective risk-focused surveillance processes.
Oversee and monitor the development of enhancements to the financial analysis process that further incorporate risk-focused concepts and a review of prospective solvency risks.
Consider recommendations to the Financial Regulation Standards and Accreditation (F) Committee for the purpose of evaluating the suitability of insurance department staffing in relation to the necessary skillsets.
Continually maintain and update standardized job descriptions/requirements for common solvency monitoring positions to assist insurance departments in attracting and maintaining suitable staff.
Review the Financial Condition Examiners Handbook salary and per diem guidelines to determine the applicability, value and use to the states; consider alternative approaches based on current financial solvency responsibilities.