Transcript Seminar NAIC/ASSAL/SVS

NAIC Market
Information Systems
© 2014 National Association of Insurance Commissioners
NAIC MARKET INFORMATION SYSTEMS
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Computer Applications
Data provided by regulators and companies
Housed at the NAIC
Most of the data is confidential
Shared between states
Several years of data
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REGULATOR USES OF DATA
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Market Analysis
Continuum Actions
Examinations
Enforcement
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NAIC MARKET INFORMATION SYSTEMS
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Market Conduct Annual Statement (MCAS)
Complaint Database System (CDS)
Examination Tracking System (ETS)
Regulatory Information Retrieval System (RIRS)
Market Analysis Prioritization Tool (MAPT)
Market Analysis Review System (MARS)
Market Regulation Electronic Forum
Market Analysis Electronic Forum
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MARKET CONDUCT ANNUAL STATEMENT
 MCAS provides regulators with market conduct
information not otherwise available for their
market analysis efforts.
 Includes: Underwriting and Claims data for
Private Passenger Automobile, Homeowners,
Life, Annuity and Long Term Care lines
of business.
 Records per year: 28,000+ filings.
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COMPLAINT DATABASE SYSTEM
 CDS provides regulators with information about
closed consumer complaints filed against
insurance companies and producers.
 Includes: Any written communication that
expresses dissatisfaction with a specific person
or entity subject to regulation under the state's
insurance laws.
 Records per year: 190,000.
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EXAMINATION TRACKING SYSTEM
 ETS provides regulators with information on all
market conduct examinations conducted.
 Includes: The reason for the examination, the
areas to be reviewed, and the examination
findings and the close date as the examination
progresses.
 Records per year: 700.
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REGULATORY INFORMATION
RETRIEVAL SYSTEM
 RIRS provides regulators with adjudicated
regulatory actions taken by state regulators
against insurance producers, companies and
other entities engaged in the business
of insurance.
 Includes: Final actions in a regulator-only
database (even though the actions are public.)
 Records per year: 10,000.
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MARKET ANALYSIS PRIORITIZATION TOOL
 MAPT provides regulators with information on
all companies writing the selected line of
business in their state from several of the
other databases.
 Includes: Over 100 separate data elements
and a prioritization score.
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MARKET ANALYSIS REVIEW SYSTEM
 MARS provides regulators with a centralized
location for tracking, recording, sharing and
reviewing the analysis within the users state
and from other states.
 Includes: Level 1 and Level 2 Analysis Reviews.
 Records per year: 3,000.
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MARKET REGULATION AND MARKET
ANALYSIS ELECTRONIC FORUMS
 The NAIC Electronic Forums are electronic bulletin
boards which allow market regulators to
communicate more efficiently.
 The Market Regulation Electronic Forum allows
regulators to communicate global issues; specific
regulations; or procedures.
 The Market Analysis Electronic Forum allows state
market analysts to communicate questions,
concerns, or information about a specific company
or producer engaged in the business of insurance.
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OPEN ISSUES
 Data Quality
 Complete
 Accurate
 Timely
 Transactional Level
 Confidentiality
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NAIC MARKET INFORMATION SYSTEMS
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Market Conduct Annual Statement (MCAS)
Complaint Database System (CDS)
Examination Tracking System (ETS)
Regulatory Information Retrieval System (RIRS)
Market Analysis Prioritization Tool (MAPT)
Market Analysis Review System (MARS)
Market Regulation Electronic Forum
Market Analysis Electronic Forum
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QUESTIONS/COMMENTS
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