MCAS - The Market Conduct Annual Statement

MCAS provides market regulators with market conduct information not otherwise available for their market analysis initiatives. Currently, MCAS is used to collect claims and underwriting data on the Private Passenger Auto, Homeowners, Life and Annuity lines of business. Companies report their data to each jurisdiction through the NAIC’s on-line MCAS application. The Market Analysis Procedures (D) Working Group is responsible for the content of MCAS, defining the data that is collected, and promoting uniform analysis by applying consistent measurements and comparisons of MCAS data provided by companies.

To report their MCAS data, companies log onto the on-line MCAS application through the “Log In” icon located on this page. The application supports both manual and electronic data entry for all jurisdictions in which a company is required to file. Additionally, through this application, a company may request a waiver or extension from any jurisdiction. Waiver/extension responses are posted to the web application once a decision is made by the jurisdiction.

Market Conduct Contact

As part of the Financial Annual Statement filing every company is required to designate a Market Conduct Contact. This person is the primary company contact for all market conduct matters and the individual to whom the MCAS data call letter is addressed. If the company fails to designate a Market Conduct Contact, the NAIC looks to the Financial Statement Contact to fulfill that role.

The Market Conduct Contact is the default administrator of their company’s access to the online MCAS application. This individual has the sole authority to add and remove other users to the MCAS application on behalf of their company. The Administrator may designate a specific MCAS contact to serve as the point person for MCAS filing issues and regulator questions, but the Administrator may not delegate his/her administration role except as outlined in the MCAS User Guide.

Company Attestation

All companies that submit an MCAS filing must attest to the completeness and accuracy of their submission. The attestation is required once per filing period and applies to all submissions for a specific company code. No submissions will be accepted until an attestation is completed for the company.

Scorecards

Scorecards are produced each year to show the jurisdiction-wide ratio and the distribution of ratios for all companies filing an MCAS in a given jurisdiction. Individual company ratio information is available through the online MCAS application. A company may gain a better understanding of where it fits in the insurance marketplace and what opportunities may exist to improve its performance in a jurisdiction by comparing its jurisdiction-specific ratios to the scorecard for that jurisdiction. Historically, participating MCAS jurisdictions have communicated scorecard results to companies via hard-copy, email, and/or website postings.

Questions

Please email questions to mcas@naic.org.