NAIC, Munis and COVID-19

by Tim Nauheimer of the NAIC

Time to evaluate your municipal bond exposure to airports, hotels and transportation, per NAIC.

The CARES Act provides some relief, but more may be needed.

"The COVID-19 stresses also exacerbate challenges that municipalities had prior to the outbreak."

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The comforts of human connection across the globe have been temporarily disrupted and curtailed with escalating degrees of severity as COVID-19 spreads.

As a result, we are amid a “social recession” which, in our opinion, will continue to place negative pressure on consumer sentiment and behavior.

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COVID-19: How Large a Macro Shock?

via BlackRock

Blackrock Investment Institute's opinion on how COVID-19 will ultimately shock global economies.

A key assumption: How behavior will change post-pandemic. When we have a vaccine, will the climb be fast or slow?

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Sober Scenario Analysis on COVID from McKinsey

Excellent scenario based analysis of COVID and its impact on GDP from McKinsey.

Of the nine scenarios noted, which do you think are ‘most likely’? How does that impact your insurer’s business strategies?

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Understanding Risk Tolerance for the Board and Investment Committee

Risk tolerance is vital to the strategic asset allocation process.

The amount of risk an insurer or risk pool’s staff, Board/Trustees and Investment Committee is comfortable taking on within the portfolio will shape the overall investment program.

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Investment Policy: Best Practices

To help insurers better understand the components of a quality investment policy statement, we’ve provided an overview of Investment Policy “Best Practices.”

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AM Best Downgrades Life/Annuity, Outlines Other COVID Impacts

via A.M. Best

A.M. Best on COVID-19: First Life/Annuity segment downgraded. But, there is more, a lot more in this important AMBest TV video. Watch and listen carefully.

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