The National Association of Insurance Commissioners (NAIC) adopted the following guidance:
- A proposal to add a new general interrogatory to the Annual Statement to require disclosure when cryptocurrencies are directly held or accepted for the remittance of premiums.
- A redesigned climate risk disclosure survey.
The NAIC exposed revisions to the following guidance:
- SSAP Nos. 25 and 43R to clarify the identification and reporting of affiliated transactions, and add annual statement disclosures to identify investments held that involve related parties.
- SSAP No. 86 to expand effective hedge relationships consistent with ASU 2017-12: Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities.
- A proposal for reflecting all future hedging strategies in VM-20: Requirements for Principle-Based Reserves for Life Products and VM-21: Requirements for Principle-Based Reserves for Variable Annuities.
- Actuarial guideline on modeling of complex and high-yield assets in asset adequacy testing.
- A proposal to require insurers to report various analytical measures about each security reported on Schedule D, Part 1 – including metrics such as its current market yield, interest rate sensitivity, spread relative to risk-free securities (e.g. US Treasuries), and average remaining life.
- Meeting highlights
- Accounting highlights
- Actuarial highlights
- Group capital calculation
- Risk-based capital
- Valuation of securities task force
- Financial stability task force
- Climate risk