capital – Page 2 – [BonkNote]

MAV – Market-Adjusted Valuation ICS – Three Bucket – IAIS Market Value Adjusted Year? – BIS – ICS – Market-adjusted Valuation – Executive Summary – 2p 2017 1205 – Swiss Re – Valuing Insurance Liabilities for Market Adjusted Valuation with Cost of Capital Margin over Current Estimate – 17p Actuarial theactuarymagazine.org/tailoring-global-capital-standards/ SOA – 2015 03 – SOA -…

CDAWG – ComFrame Development and Analysis Working Group – (G) – NAIC In light of a number of international developments and workstreams, in early 2014 the NAIC established the CDAWG to provide technical and strategic input on the IAIS’ ComFrame, including any group capital developments. 2014 1116 – NAIC – CDAWG – U.S. Group Capital…

2014 – IAIS – Basic Capital Requirements for Global Systemically Important Insurers 2014 0709 – IAIS – Basic Capital Requirements for Global Systemically Important Insurers – Public Consultation Document – Comments due by 8 August 2014 – 51p 2014 1023 – IAIS – Basic Capital Requirements for Global Systemically Important Insurers – 48p 2014 0205 – IAIS…

Aggregation Method ICS – Insurance Capital Standards – IAIS Date? – NAIC – NAIC’s Interpretive Guidance on ICS Comparability Assessment Framework – 3p Group Capital Calculation (E) Working Group – CIPR NAIC – Group Capital Calculation – [link] U.S. state insurance regulators have adopted a group capital calculation (GCC) for use in solvency monitoring activities. (p3) – The Aggregation Method…

2022 – IAIS – Public consultation on draft criteria that will be used to assess whether the Aggregation Method provides comparable outcomes to the Insurance Capital Standard 2022 – IAIS – Public consultation on draft criteria that will be used to assess whether the Aggregation Method provides comparable outcomes to the Insurance Capital Standard —…

LTCM – Long Term Capital Management 1999 0610 – CRS – Systemic Risk And The Long-Term Capital Management Rescue, Congressional Research Service – 14p 1999 10 – GAO – Long-Term Capital Management: Regulators Need to Focus Greater Attention on Systemic Risk, GGD-00-3, Government Accountability Office – 60p 2000 – Book – When Genius Failed: The Rise…

First Capital Robert Weingarten, chairman of First Capital Holdings Corp 1991 – LC – Morse v Robert WEINGARTEN, American Express Co., Shearson Lehman Brothers, Inc., and Michael R. Milken, Defendants – [link-justia.com] Their complaint alleges: 1) that Milken either caused or helped defendant Robert Weingarten to establish First Capital, a financial services and insurance holding company…

2016 – IAIS – Risk-based Global Insurance Capital Standard Version 1.0 2016 0710 – IAIS – Risk-based Global Insurance Capital Standard, Version 1.0 – Public Consultation Document – Comments due by 19 October 2016 – 175p 4.1 Market adjusted valuation (MAV) approach – Comments – 276p 5 Capital resources – 149p 6.5 Management actions – Comments -…

ICS – Insurance Capital Standards – IAIS 2015 – IAIS – IAIS Capital-related Stakeholder Meeting – 83p Feedback from 2014 field testing Mainly concerns with volatility and harm to the long term nature of insurance business Additional feedback received from industry Long duration discount rates should not be extrapolated from extremely limited tenors Use more stable…

RBC – Risk-Based Capital NAIC Risk-Based Capital (RBC) For Insurers Model Act, MDL-312 – 20p content.naic.org/cipr_topics/topic_riskbased_capital.htm NAIC – Life Risk-Based Capital Report: Including Overview and Instructions for Companies – link – 1993-Current Financial Condition (E) Committee Life Risk-Based Capital (E) Working Group – content.naic.org/cmte_e_lrbc.htm 1994 – NAIC – Raising The Safety Net: Risk-Based Capital for…