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Financial Analysis Handbook (E) Working Group


The Financial Analysis Handbook Working Group is responsible for enhancing and maintaining the Financial Analysis Handbook. The Handbook is available for Life/Health, Property/Casualty, and Health and is compiled into a single edition. The Handbook is a tool to assist analysts in conducting a comprehensive financial analysis of an insurance company.

2018 Charges

The Financial Analysis Handbook (E) Working Group will:

  1. Provide ongoing maintenance and enhancements to the Financial Analysis Handbook and related applications for changes to the NAIC annual/quarterly financial statement blanks, and enhancements developed to assist in risk-focused analysis and monitoring the financial coordination of insurance companies and groups, as well as coordinate and analyze input received from other state regulators.

  2. Coordinate with the Financial Examiners Handbook (E) Technical Group and the Risk-Focused Surveillance (E) Working Group, as appropriate, to develop and maintain guidance in order to provide effective solvency monitoring.

  3. Continue incorporating enhancements that encourage the coordination of analysis activities with regard to holding company groups.

  4. In compliance with the framework developed by the PBR Review (EX) Working Group:

    1. Continue to provide advice to regulators, identifying and judging risk, establishing appropriate procedures, identifying frequency of model reviews, and documenting best practices. Address all risks, financial and non-financial—e.g., enterprise risk management (ERM), board, corporate governance and the Own Risk and Solvency Assessment (ORSA).

    2. Continue to adjust the Financial Analysis Handbook based upon any recommendations as requested from the Life Actuarial (A) Task Force to incorporate principle-based reserving (PBR) changes.