Sabrina Wilson, Clearwater Analytics’ NAIC Subject Matter Expert, was recently featured in an article on FundFire, “Alts Products for Insurers Face High-Stakes Regulator Scrutiny.”
The article covers 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.
Wilson 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.” She continued, “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 the latest meeting.
Wilson plays an important role at Clearwater by attending NAIC meetings and closely monitoring proposals and guidance updates that impact investment accounting. She ensures the Clearwater system is kept up to date in accordance with these changes so that our clients are always in compliance with the latest regulations with Clearwater’s automated regulatory reporting. She also plays a huge part in explaining 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.