NEW YORK--Regulators evaluating how to govern insurers' risk-based portfolios will consider options including a new investment category or rating system, a key regulator said.
During a joint hearing held by the National Association of Insurance Commissioners, Kansas City, Mo., Alessandro Iuppa, NAIC president, said that a new group of regulators would look for risk-based capital solutions that could range from creating a fourth investment category for rating purposes to a notching system that ratings agencies use.
His comments came after regulators heard insurance industry representatives' reactions during a public hearing on hybrid securities on July 13.
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