NAIC Launches New Risk-Based Capital (“RBC”) Task Force
Presented by Debevoise & Plimpton
On February 5, 2025, the National Association of Insurance Commissioners (the “NAIC”) announced the establishment of a new Risk-Based Capital Model Governance (EX) Task Force (the “Task Force”). This new Task Force, reporting directly to the Executive Committee, signals the latest proactive effort by the NAIC to update and strengthen the governance framework surrounding RBC requirements—a cornerstone of insurer solvency regulation in the United States. In this article, we outline the key details of this initiative, its objectives and potential implications to insurers and their investment strategies.