Breaking down the NAIC’s new bond definition 

Mercer breaks down the NAIC's new bond definition and how insurers can prepare for the new regulatory change.

In March 2024, the National Association of Insurance Commissioners (NAIC) adopted the new Principles Based Bond Definition (PBBD).  This new definition narrows what is considered a bond. 

Our most recent whitepaper breaks down the change, giving you clear analysis of the new regulation and actionable implications.

Adapting to Change: Navigating NAIC’s New Bond Definition, is your guide to understanding and implementing the new regulations and empowering you to make informed decisions.

  • Gain a Clear Understanding: Our report breaks down the new bond classifications, and criteria, and examines insurers’ new roles and responsibilities effective January 1, 2025.
  • Stay Compliant: Minimize the risk of non-compliance, tips on adapting investment processes that comply with the updated NAIC guidance.
  • Stay Ahead of the Curve:  Understand the potential capital impact and challenges related to accounting systems and data collection for private ABS.

Download our report today and gain the clarity and confidence you need to make informed decisions during this period of transition.

Breaking down the NAIC’s new bond definition:

Implications for insurers

For more information, Contact us.
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