Sabrina Wilson, CPA, FLMI
Global Regulatory Policy Expert
Sabrina serves as a subject matter expert for regulatory filings at Clearwater. In this role, she works with internal teams for the ongoing enhancement of NAIC reports. Sabrina has over 20 years’ of statutory accounting and reporting experience and uses her background to communicate industry best practices and comment on regulatory guidance and procedures. She also handles complex statutory accounting and analytics questions posed by our user community.
Sabrina is a certified public accountant, has earned the designation of Fellow, Life Management Institute (FLMI), and has a master’s degree in accounting and taxation from Boise State University.
I had the opportunity to provide comments for a recent article by FundFire on the progress made by a new NAIC working group dedicated to setting consistent national standards for how insurers manage the newer investment classes in their portfolios, including alternatives.
The group’s initial charge is to establish recommended investment regulation updates. The group has met twice this year so far to determine the process through which they will tackle the task.
I told FundFire, “The group’s initial approach will likely involve several phases, the first looking at simpler structured products and a second at more complex ones.
“They will work with the regulators, industry, and subject matter experts in this journey. Some guidance updates will happen by the end of this year and next year for Phase 1.”
You can read the entire FundFire article for more information on this initiative.
In my role at Clearwater, I attend NAIC meetings and closely monitor proposals and guidance updates that impact investment accounting. This is to ensure the Clearwater system is kept up to date in accordance with these changes so that our clients are in compliance with the latest regulations with Clearwater’s automated regulatory reporting.
I also discuss these regulations and their implications for our clients via blog posts, webinars, and other information sources. When NAIC regulations get an update, so do Clearwater’s clients.
Subscribe to our blog, Clear Insights, to stay informed on the latest NAIC updates. Check out our most recent blog, a recap of March meeting updates. For other NAIC meeting resources, see our webinars and Market Insight Papers from previous NAIC meetings for in-depth analysis to ensure you are up to date on everything you need to know.