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Heard in the Hallways: NAIC 2026 Spring Session

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Key Regulatory Takeaways for Insurers 

As the end of the first quarter of 2026 approached, National Association of Insurance Commissioners (NAIC) regulators and industry parties convened on the West Coast to discuss key trends affecting insurers. Between San Diego’s famous fish tacos and whale sightings, attendees received updates on the CLO Factor Modeling Project and the Risk-Based Capital (RBC) Ratio and Impairment Analysis Project, discussed strain on the Securities Valuation Office (SVO) amid a surge in filings, and reviewed clarifications to reporting under the Principles-Based Bond Definition (PBBD) framework, among other topics.

 

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Income Research

IR+M is a privately-owned, independent, fixed income investment management firm that serves institutional and private clients. Our investment philosophy and process are based on our belief that careful security selection and active risk management provide superior results over the long-term. By combining the capacity and technology of a larger firm with the culture and nimbleness of a boutique firm, we strive to provide exceptional service for our clients and a rewarding experience for our employees.

Rob Lund, CFA
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rlund@incomeresearch.com
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