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The Market Analysis Research & Development Focus Group (MARD) is a focus group reporting to MAP that is charged with (1) overseeing enhancements to the NAIC Market Analysis Company Listings, Market Analysis Prioritization Tool, Market Analysis Review System, Market Initiative Tracking System, Market Analysis Profile Reports, Market Analysis Share Reports, and Market Analysis Profile Demographics; (2) overseeing the setting of the weights in the Market Analysis Prioritization Tool; and (3) overseeing the development of design queries against NAIC market databases.
Improving Market Applications
The Market Analysis Review System (MARS), the Market Initiative Tracking System (MITS) and the Market Analysis Prioritization Tool (MAPT) are evolving market applications that can only be improved through their continued usage. Regulators are encouraged to suggest enhancements to these market applications by using the following process:
- Suggested changes to the market systems should be sent by e-mail to NAIC Staff (via Trish Skahan at tskahan@naic.org).
- Recommendations will be placed on the "Suggested Revisions to Market Systems" spreadsheet by NAIC staff.
- NAIC staff will analyze the business and technical implications of the suggestion.
- Once the analysis is complete, NAIC staff will present the suggestion and their recommendation to the Market Analysis Research and Development (MARD) Focus Group for its review.
- MARD will then consider the suggestion at the next MARD meeting/conference call and will determine if NAIC staff should move forward with the recommendation.
- The results of all recommendations will be documented for future reference.
- MARD reports all changes through the Market Analysis Procedures
(D) Working Group.
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