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Managing and Governing Data From Lots of Disparate Sources. This data will be collected from organizations such as, the World Health Organization (WHO), the Centers for Disease Control (CDC), and state and local governments across the globe. Unraveling Data Complexities with Metadata Management.
The GCC uses a risk-based capital (RBC) aggregation approach intended to act as an additional group supervisory tool for regulators, in conjunction with the Form F Enterprise Risk Report, Own Risk and Solvency Assessment (ORSA) report, and the Corporate Governance Annual Disclosure.
NAIC Develops WhitePaper on Best Practices for Use of Predictive Models. The primary issue covered by the WhitePaper is ensuring that regulators are in a position to determine if the predictive models and analytics are compliant with state insurance laws and regulations.
The Task Force stressed that the guidance provided in the whitepaper will not be designed to preempt state authority but rather will assist regulators in providing greater consistency among states’ review of predictive models. The Task Force aims to complete the whitepaper by the fall of 2018.
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