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2009 Charges
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 property/casualty insurance industry. The Task Force's goals are to maintain the financial health of property/casualty insurers and to ensure that appropriate data regarding property/casualty insurance markets are available.
Ongoing Maintenance of NAIC Programs, Products, or Services
- Provide reserving, pricing, ratemaking, statistical, and other actuarial support to NAIC committees, task forces, and 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.
- Blanks (E) Working Group (Property/Casualty Annual Statement including Schedule P, Property/Casualty Quarterly Statement, Quarterly and Annual Statement Instructions - Property/Casualty including Statement of Actuarial Opinion Instructions)
- Statutory Accounting Principles (E) Working Group and Emerging Accounting Issues (E) Working Group (Accounting Practices and Procedures Manual)
- Capital Adequacy (E) Task Force (Property and Casualty Risk-Based Capital Report)
- Financial Analysis Handbook (E) Working Group (property/casualty actuarial sections of the Financial Analysis Handbook)
- Financial Examiners Handbook (E) Technical Group (property/casualty actuarial sections of the Financial Examiners Handbook)
- Operational Efficiencies (EX) Working Group (property/casualty actuarial sections of the Product Filing Examiners Handbook)
- Disaster Reporting (E) Working Group (Disaster Reporting Framework)
Essential
- Identify the types of data that are necessary to properly evaluate the medical liability insurance market, including the frequency, severity and causes of loss in order to evaluate regulatory and legislative proposals. Identify the sources of this data and the steps necessary to capture it, including changes needed in the NAIC Statistical Handbook of Data Available to Insurance Regulators , and the need to develop claims databases, or other appropriate means of capturing the necessary information.
Essential
- Consider updates and developments, provide technical assistance, and oversee the production of the following reports and databases. Also, p eriodically evaluate the demand, utility, and income derived versus the costs of production of each product.
- NAIC Profitability Report. Charge the Profitability (C) Working Group to produce the NAIC Profitability Report.
- NAIC Homeowners Average Premium Report
- NAIC Auto Insurance Database
- Property and Casualty Market Share Report
- Commercial Lines Competition Database
Essential
- Personal Lines Competition Database
Important
- Monitor the Life Insurance Principles Based Reserving activities and provide guidance based on experiences with the Property and Casualty Principles Based Reserving already established.
Important
- Monitor national casualty actuarial developments and consider regulatory implications.
- Casualty Actuarial Society (Statements of Principles and Syllabus of Basic Education )
- American Academy of Actuaries (Standards of Practices)
- Federal legislation
Important
- Provide property/casualty actuarial advice and assistance to the International Solvency & Accounting Working Group, including providing commentary as needed on relevant draft reports of the International Actuarial Association and other international bodies.
Important
- Consider updates and changes to the NAIC Statistical Handbook of Data Available to Insurance Regulators.
Important
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No exposure drafts are currently available.
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Meeting Minutes
Minutes for the four most recent NAIC National Meetings are available free for meeting attendees using the User ID and Password supplied by the NAIC Meetings Department. Members may access minutes via StateNet. Non-attendees and those requiring minutes from previous meetings, may purchase the Proceedings of the NAIC through the NAIC Store.
If you do not know your User ID or password, please contact the NAIC Help Desk. |
| No meeting materials at this time. |
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Statistical Issues
Regulatory Guidance-RBC Misuse |
Risk-Focused Surveillance
- P&C Actuarial Potential Role in Risk-Focused Surveillance
- AAA Attachment
- Referral to CATF
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Actuarial Regulatory Guidance
- 2005 Statement of Actuarial Opinion and Actuarial Opinion Summary
- 2006 Statement of Actuarial Opinion
- 2006 Actuarial Opinion Summary
- 2007 Statement of Actuarial Opinion
- 2007 Actuarial Opinion Summary
- 2008 Statement of Actuarial Opinion
- 2008 Actuarial Opinion Summary
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Workers' Compensation Large Deductible
- Large Deductible Referral Oct. 2005, see page 63
- NCCI Feb. 17, 2006 E-mail about referral
- NCCI Reporting Guideline – data collected
- AAA July 7, 2006 Initial Response to Referral
- 2007 Surveys
- State Survey April 10, 2007
- Industry Survey April 10, 2007
- Rating Organization Survey April 10, 2007
- Survey Responses – State & Rating Org.
- Survey Response additional – PA
- Data Reporting Requirements – KS Loss Payment Form
- Data Reporting Requirements – KS Annual Statement Supplement
- Data Reporting Requirements – MO Surcharge Report Form
- Data Reporting Requirements – NV
- Data Reporting Requirements – NY Circular
- Data Reporting Requirements – NY
- Data Reporting Requirements – NY Data Forms
- Data Reporting Requirements – PA Schedule W
- Data Reporting Requirements – PA/DE Call Forms
- Data Reporting Requirements – TN reporting to NCCI
- Data Reporting Requirements – Data Calls by State
- Survey Response – Industry, PCI memo, July 30, 2007
- Survey Response – Industry, PCI State Assessments
- Survey Response – Industry, AIA memo Aug. 6, 2007
- Survey Response – Industry, AIA State Assessments Sept. 2007
- Survey Response – Industry, AIA memo Aug. 16, 2007
- AAA Memo Aug. 28, 2008
- AAA Exhibit Aug. 28, 2008
- AAA Memo Dec. 3, 2008
- AAA Exhibit Dec. 3, 2008
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| Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org. |
Kris DeFrain, FCAS, MAAA, CPCU
Director, Actuarial and Statistical Services
Phone: 816-783-8229
Fax: 816-460-0159 |
Joe Bieniek
Statistical Information Manager
Phone: 816-783-8226
Fax: 816-460-7448 |
| Please see the current Committee List for a complete list of committee members. |
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