Introduction to Property and Casualty Risk-Based Capital (RBC)

Submitted by Lisa Matthews on Mon, 03/19/2012 - 8:31am

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Course Title: Introduction to Property and Casualty Risk-Based Capital (RBC)

Description: An introduction to Risk-Based Capital (RBC) for Property and Casualty insurance companies, including how RBC came to be, a discussion of the key risks it measures, how the calculation works, computing and interpreting the RBC Ratio, and complying with RBC laws.

Topic: Property and Casualty Risk-Based Capital (RBC)

Level: Overview

CPE Credits: 2.0 hours

Prerequisites: An understanding of common property and casualty industry concepts and terminology is needed. This may be gained from attending our Accounting and Financial Reporting or Annual Statement seminars. Many of these concepts and terms are also discussed in our Fundamentals of P&C Insurance webinars and our Overview of Statutory Financial Reporting seminar

NASBA publication/revision date: February 2012

Learning Objectives:

Upon successful completion of Introduction to Property and Casualty Risk-Based Capital (RBC), the learner should be able to:

  • Describe the history and purpose of RBC
  • Identify the key categories of risk measured by RBC
  • Describe how the major RBC components are computed for each category of risk
  • Describe how the total RBC requirement is calculated
  • Compute and interpret a company's RBC ratio
  • Quantify the four RBC action levels contained in the RBC laws

Outline:

  • Getting started
  • Learning Objectives
  • History of Risk-Based Capital
  • Purpose of Risk-Based Capital
  • The Risk-Based Capital Report and Formula
  • Categories of Risk
    • Asset Risks
    • Credit Risks
    • Underwriting Risks
    • Off Balance Sheet Risks
  • Calculation of Total Risk-Based Capital
  • The RBC Ratio
  • Compliance Issues related to Risk-Based Capital

DateTimeCost
$200 (first attendee)
$180 (each additional attendee)		Registration is closed.
(Registration closes 2 hours prior to the starting time.)

Note: All times are US Eastern. What time is it now?.


System Requirements:
  • Windows 95 or Higher
  • Internet Explorer 5.0 or Higher
  • 800 x 600 or higher screen resolution
  • Macromedia Flash Player 5 or Higher
  • Acrobat Reader