CWAN supports insurers across the NAIC reporting lifecycle: from reconciled data and asset classification through Schedule D production, validation, and reporting.
Elizabeth Miller
Insurance Entity Leader
Dorinco Reinsurance Company
NAIC schedules — including D, DA, DB, B, BA, and E Parts 1–3 — are automatically generated from your reconciled data, reducing manual preparation and ensuring accuracy.
CWAN prepares Capital Gains (Losses), IMR/AVR, risk-based capital (RBC), and Supplemental Investment Risk Interrogatories (SIRI) reports automatically, so you meet filing requirements without extra steps.
Data is automatically mapped and formatted to meet NAIC filing requirements, reducing manual effort and risk of errors.
CWAN’s regulatory team monitors NAIC guidance and updates asset classifications, reporting codes, and filing templates in real time.
CWAN’s reporting framework strengthens capital transparency, improves consistency, and reduces operational exposure.
Reduce risk of unexpected reclassification and downstream RBC impact.
Apply structured classification logic across portfolios rather than ad hoc review.
Generate schedules from reconciled data with embedded validation and audit trails.
Automate statutory schedules, stay current with guidance, and file with confidence using CWAN’s trusted platform.
See how regulatory changes impact investment accounting for insurers. Our quarterly report covers topics like bond classification revisions, derivative reporting, and investment valuation changes
Clearwater Analytics’ NAIC Spring National Meeting Market Insight Paper. Discover the latest investment accounting updates from the NAIC’s Spring 2025 National Meeting.
Clearwater Analytics’ NAIC Fall National Meeting Market Insight Paper. Discover the latest investment accounting updates from the NAIC’s Fall 2024 National Meeting.
Catch up on all the important updates from the NAIC’s Fall 2024 National Meetings.
NAIC reporting requirements obligate U.S. insurers to file quarterly and annual statutory statements, including detailed investment schedules (e.g., Schedule D, Schedule BA) and related disclosures, in accordance with statutory accounting principles (SAP). These requirements demand:
CWAN helps you satisfy NAIC compliance requirements by generating Schedule D (ICO and ABS), Schedule BA, and related statutory investment outputs directly from reconciled data. Classification logic, designation tracking, and expanded disclosure fields flow into filing-ready outputs with embedded validation and audit traceability.
U.S.-domiciled insurance companies — including life, property & casualty, health insurers, and reinsurers — must comply with NAIC statutory accounting and reporting requirements.
CWAN supports insurers by centralizing investment data, applying statutory classification logic, generating required investment schedules, and preserving documentation needed for state regulatory review. The platform is structured to support recurring quarterly and annual filing cycles under NAIC standards.
Non-compliance with regulations based on National Association of Insurance Commissioners (NAIC) model laws can result in significant fines, increased scrutiny, and other severe penalties. State insurance departments have the authority to impose penalties and often adopt the model laws set forward by the NAIC.
CWAN helps insurers reduce compliance risk by generating statutory schedules from reconciled data, applying structured classification workflows, embedding validation checks prior to filing, preserving audit trails for overrides and changes, and maintaining reproducible reporting snapshots.
CWAN preserves line-level traceability from Schedule D and Schedule BA outputs to source investment positions. Audit logs capture overrides and changes, and historical reporting snapshots can be reproduced, making it easy to demonstrate how reported values tie back to underlying investment data and classification decisions.
CWAN’s expert compliance team monitors NAIC updates, evaluates impacts on supported schedules, implements governed reporting logic changes, and communicates updates to clients. Reporting outputs reflect updated blank structures while preserving historical filing reproducibility.
The NAIC’s Principles-Based Bond Definition (PBBD) introduces expanded acquisition-level and ongoing data requirements tied to bond qualification and disclosure, including structural and cashflow-related attributes that were not historically required in statutory reporting. Insurers must capture, store, and report these attributes accurately. Failure to do so may result in misclassification, incomplete Schedule D disclosures, or examination findings.
CWAN supports structured storage of PBBD-required data elements, including acquisition-level attributes and ongoing reporting fields. The platform enables bulk upload where vendor data is unavailable and integrates these elements directly into Schedule D (ICO and ABS) and related disclosures. By embedding required PBBD data into the reporting workflow, CWAN reduces reliance on off-system tracking and strengthens classification defensibility.
CWAN logs user-level overrides and adjustments with audit trails that preserve who made the change, when it was made, and what fields were affected. Where configured, role-based access controls and approval workflows can support segregation of duties. This allows professional judgment to be applied within a controlled and reviewable environment rather than unmanaged spreadsheets.
CWAN maintains reporting-period snapshots and preserves historical calculation inputs, classifications, and schedule outputs. This enables insurers to reproduce prior Schedule D and Schedule BA filings as originally generated, supporting audit review and regulatory examination.