Income Research -Fri, 10/11/2024 - 19:35

Insurance Industry Trends: How the NAIC Principles-Based Bond Definition Impacts Asset-Backed Securities

With the National Association of Insurance Commissioners (NAIC) preparing to implement new reporting guidelines for fixed income securities, we engaged with various industry participants to better understand the impact on our insurance clients’ portfolios. By connecting directly with the NAIC, vendors, and regulatory partners, we determined the likely impacts on our clients’ investments, which are summarized below.

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