NAIC ORSA Feedback for the Health Industry Webcast

Date

August 23, 2016

  • External Forces & Industry Knowledge
  • Strategic Insight and Integration

Presented by

Health Section

Description

The National Association of Insurance Commissioners (NAIC) has dedicated staff to support the State Departments of Insurance with ORSA reviews. The NAIC has designed, and are running, the training for the departments. They have also developed the tools and procedures for examiners and analysts of the departments to use in their reviews. Currently, the NAIC has reviewed nearly 100 ORSA summary reports, including a number of reports from the health industry.

The main objectives of this presentation are:

  • To explain the current status of NAIC ORSA initiatives and the first year's reviews by the State Departments of Insurance (DOI);
  • To describe the latest NAIC observations for each of the three sections of ORSA based on actual reviews, with a particular focus on health insurers;
  • To identify some of the key questions regulators are likely to ask health insurers during their reviews; and
  • To give attendees the opportunity to ask questions of the NAIC staff.

Note: The recording available for purchase is intended for individual viewing.

Back

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Communication

Demonstrating the listening, writing and speaking skills required to effectively address diverse technical and nontechnical audiences in both formal and informal settings.

Professional Values

Adhering to standards of professional conduct and practice where all business interactions are based on a foundation of integrity, honesty and impartiality.

External Forces & Industry Knowledge

Identifying and incorporating the implications of economic, social, regulatory, geo-political and business changes into the design and delivery of actuarial solutions.

Leadership

Initiating, innovating, inspiring, creating or otherwise acting to influence others regardless of level or role toward a common goal.

Relationship Management & Interpersonal Collaboration

Creating mutually beneficial relationships and work processes toward a common goal.

Technical Skills & Analytical Problem Solving

Applying the actuarial knowledge, skills and judgment required to provide value-added services.

Strategic Insight & Integration

Anticipating trends and strategically aligning actuarial practice with broader organizational business goals.

Results-Oriented Solutions

Providing effective problem solving that addresses relevant interests and needs.