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Regulatory Update: NAIC Summer 2020 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2020 National Meeting (Summer Meeting) from July 27 to August 14, 2020. The NAIC adopted the revised SAT in February 2020, and since that time, several states, including Idaho, Iowa, Kentucky, Ohio and Rhode Island, have begun efforts to adopt the revisions.

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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

Among other matters, the revised bond factors establish a more granular rating analysis by expanding the number of bond designation categories from the previous six categories to 20 categories. The December 2020 revisions to Model 440 and Model 450 implement (i) the GCC, for the purpose of group solvency supervision for U.S.

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GDPR is upon us: are you ready for what comes next?

Data Protection Report

The wait is finally over—this Friday the European Union General Data Protection Regulation (GDPR) will come into force. If you missed our previous blog articles, the European Commission released a new website with extensive guidance on GDPR implementation, together with a Fact Sheet containing Q&As on the GDPR.

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Regulatory Update: NAIC Fall 2019 National Meeting

Data Matters

The accreditation standards, as approved by the (F) Committee, are expected to be adopted by Executive/Plenary at or before the NAIC’s Spring 2020 National Meeting and effective September 1, 2022. 2019 Revisions to the Credit for Reinsurance Model Law and the Credit for Reinsurance Model Regulation. Accelerated Underwriting Working Group.

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Regulatory Update: NAIC Fall 2019 National Meeting

Data Matters

The accreditation standards, as approved by the (F) Committee, are expected to be adopted by Executive/Plenary at or before the NAIC’s Spring 2020 National Meeting and effective September 1, 2022. 2019 Revisions to the Credit for Reinsurance Model Law and the Credit for Reinsurance Model Regulation. Accelerated Underwriting Working Group.