The National Association of Insurance Commissioners (NAIC) is in the middle of of a project to change the real-world economic scenario generator (RW ESG) prescribed for principle-based reserve and capital calculations. The presenters will provide a brief summary of the NAIC's RW ESG project and provide a general overview of RW ESGs. In addition to that, they will explain how RW ESGs impact principle-based reserve and capital levels and consider potential differences between the currently prescribed RW ESG and the proposed RW ESG.
At the conclusion of the session, attendees will be familiar with the NAIC's RW ESG project and have a better understanding of RW ESGs and their differences, how actuaries use RW ESGs and how they impact principle-based reserve and capital levels.