Viewpoint: Incorporating Climate Tipping Points into Regulatory Scenario Analysis

Conning Viewpoint
On its current timeline, the NAIC will switch the models it uses for reserve and capital calculations from the Academy Interest Rate Generator (AIRG) to their new Generator of Economic Scenarios (GOES) platform in 2026. This transition represents a significant shift in how companies will model and project economic scenarios. However, despite the time and effort that has been spent on documenting this conversion, many companies still have questions about its impact. Given the complexity of the model changes, Conning has prepared a white paper series focusing on discrete, easily comparable differences between the two models. In the second installment of this series, Conning compares the results of equity classes between the AIRG and GOES scenarios.

To request the first paper in the series,  AIRG vs. GOES: Comparing Bond Classes, click here.
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AIRG vs. GOES:
Comparing Equity Classes