NAIC eyes new framework for regulatory credit ratings

Effective 1 January, state insurance regulators will have more leeway to challenge credit ratings.

The National Association of Insurance Commissioners, the trade organisation for US state insurance regulators, is seeking a more prudent approach to credit ratings providers as life insurance companies continue to add rated private credit to their investment portfolios.

A representative for the NAIC told Private Debt Investor that it is in the process of developing a new framework for due diligence of credit rating providers, to be implemented sometime in 2026.