Which data source is used to derive the Industry RBC%?

• A. Schedule P data
• B. Schedule P Part 2
• C. Industry data
• D. Market data

Answer: (C)

Industry RBC% is set using data that represents the entire insurance industry, not an individual company. The industry data compiled (often by the NAIC) aggregates information from many insurers to establish a benchmark of risk exposure and capital needs across the market. This industry-wide dataset provides the basis for calibrating the RBC framework at the industry level, capturing systemic risk and overall risk posture. Scheduling P data and Schedule P Part 2 are company-specific resources used for a single insurer’s RBC calculations, while market data refers to external asset prices and inputs not used to derive the industry-wide RBC benchmark.