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  "documentTitle": "Scalar calibration For Life insurance business",
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  "authorName": "Oliver Wyman",
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  "notes": "Contains contact information for Louis Felice.",
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      "text": "A scalar of .89 is proposed for use in the base capital ratio reported in the 12/31/2023 Group Capital Calculation (GCC) template, assuming a Q1 2024 approval.",
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      "text": "A scalar of .89 is proposed for use in the base capital ratio reported in the 12/31/2023 Group Capital Calculation (GCC) template, assuming a Q1 2024 approval. Additionally, an initial projected scalar of .21 is being proposed under the capital regime change to occur in Japan in 2025.\nIn July 2023, NAIC adopted the ERR method as the sole scalar method in the GCC and upon review has also moved the scalars from “sensitivity analysis” to the base GCC Ratio calculation.\nThe projected health scalar for the GCC upon and after regime change in Japan should be reviewed in conjunction with the life scalar for Japan using updated information.\nThe adjustments to a Japan life scalar to arrive at an appropriate health scalar is expected to remain constant over time and upcoming regime change.\nAn observed directional change in the Japan 2022 solvency ratio should be investigated and an update to the 1.24 and .89 respective proposed scalars for life and health as of 12/31/23 scalars considered for the 12/31/2024 GCC.",
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      "text": "Scalar value: .89",
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      "text": "Louis Felice, Consultant\nlouisfelice@gmail.com\n(518)424-1970",
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