Health and Financial Issues
The National Association of Insurance Commissioners is responsible for maintaining and revising the financial examination standards for insurers nation-wide. The organization’s various committees and task forces have numerous projects that will make significant changes to reporting requirements, examination procedures, statutory accounting and risk based capital requirements. Click here for an overview of the pending issues for 2007 -2008.
Risk Assessment
All insurers undergo periodic financial examinations. Significant changes in the nature of these exams are underway. These changes will involve the active participation of all levels of senior company management. Click here for a discussion of the changes that will be implemented over the coming year.
Financial Examination Update – Be Prepared for Change
As risk-based regulation gains momentum in the United States, examination procedures will change significantly. United States insurers need to be prepared for these new forms of review. Click here for an overview of proposed changes.
Medical Loss Ratios -- What are they and why they are important to your company
Congress and the states continue to grapple with issues relating to health care reform and health insurance cost containment. One of the key issues raised over the last year by state and federal policymakers has been the medical loss ratio, or MLR, for health insurance writers. Click here to discover what that ratio is, how it is (or should be) calculated, and what it means to your company's bottom line.