Property and Casualty Risk-Based Capital Committee

This committee works on Risk-Based Capital (RBC) and related solvency management tools. It monitors the performance of, and suggests enhancement to, the RBC methodology used by the National Association of Insurance Commissioners (NAIC). The committee is involved in a review of the current RBC approach and ways to improve it in the context of the Solvency Modernization Initiative. Some of the committee work is done at the request of the NAIC; there is significant interaction between the committee and the NAIC's Property Risk-Based Capital Working Group. The committee provides actuarial input on all RBC and solvency issues and ensures its communication to all relevant audiences.