The new life insurance experience reporting regulations for principles-based reserves are part of a fundamental reshaping of insurance regulation that allows the industry to modernize statutory reporting and reserving. But in order to realize the benefits of modernization, companies must comply with new regulatory experience reporting requirements.
MIB Solutions is uniquely qualified to assist insurance companies in complying with mandatory experience reporting as required by your state insurance department. As the appointed statistical agent for the New York Department of Financial Services (NYDFS) and the Kansas Insurance Department (KID), MIB Solutions has the methods, processes and technologies in place to efficiently streamline accurate statistical reporting of your company's experience data to the respective regulator. Our capabilities have been developed over decades of similar industry experience reporting.
In addition to our expertise concerning the relevant regulations, MIB Solutions maintains a clear understanding of the needs of companies to meet their compliance goals in this changing regulatory environment.
Watch the Principle-Based
Reserving Update by Statistical
Agent for Life Insurance
Life Statistical Services is provided by MIB Solutions, Inc., a subsidiary of the MIB Group, Inc.