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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. The changes are effective December 31, 2021. Valuation of Securities (E) Task Force Adopts an Amendment to the Purposes and Procedures Manual to Add Instructions for Review of Funds.

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List of data breaches and cyber attacks in May 2021 – 116 million records breached

IT Governance

For the second month in a row, ransomware has dominated our list of data breaches and cyber attacks. Data breaches. Of the 128 publicly disclosed incidents that we discovered in May, more than 40% of them were ransomware attacks. That partially explains why May’s total of 115,861,330 breached records is comparatively low. Ransomware.

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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

In November 2019, the IAIS agreed to a definition and approach for this assessment, and in November 2020, the IAIS released a draft document setting out the overarching principles and concepts for the assessment of whether the AM provides comparable outcomes to the ICS. 43R —Loan-Backed and Structured Securities. Revisions to SSAP No.