Key takeaways

• The NAIC is expanding its focus on cybersecurity and InsurTech issues and their potential impact on consumer protection.
• Implementation of principle-based reserving is continuing, with the NAIC reviewing results from its pilot project and building staff competencies related to various elements of PBR.
• The NAIC will be considering proposed amendments to the Purposes and Procedures Manual of the NAIC Investment Analysis Office related to affiliate securities and the scope of the SVO’s discretion.