Key takeaways 

• The Reinsurance (E) Task Force responded to extensive industry comment on proposed amendments to the Credit for Reinsurance Model Law and Regulation. 
• The Corporate Governance (EX) Working Group voted to expose a white paper on essential insurer corporate governance principles for a 45-day comment period. 
• The Principles-Based Reserving (EX) Working Group reported on progress in the development of regulatory mechanisms required to implement a principles-based approach to life insurance and annuity reserves.