Summary
The NAIC's Principles Based Bond Definition (PBBD) changes, set to take effect on January 1, 2025, represent the most significant changes to insurer investment schedules in decades. Bonds will now be categorized into two major groups: asset-backed securities and issuer credit obligations. Certain securities may not qualify as "asset-backed" under the new guidelines, resulting in higher capital charges related to Schedule BA reporting. Both insurers and the asset managers that service the industry are actively working to understand and adapt to these changes.
Join us for a complimentary webinar in which subject matter experts will discuss the reporting changes impacting the insurance industry. Discussion topics will include:
- An overview of SSAP 26R and 43R, including the reasoning behind them and the upcoming changes to annual statements
- Analysis of the new guidelines and their potential effects on investment portfolios
- A preview of how S&P Capital IQ Pro tools will incorporate these Schedule D and BA changes
Speakers
