National association of insurance commissioners (naic)
New York commissioner publicly breaks ranks claiming new system will be ineffective
Louie Woodall speaks to leading members of the National Association of Insurance Commissioners in the US about the challenges of coordinating regulation across borders, both domestic and foreign
Insurance Risk and BNY Mellon have conducted a survey to look at how insurance companies are preparing for the new regime and the opportunities and challenges that the changes will bring.
More National association of insurance commissioners (naic) articles
US state regulators warn of ‘two-tier’ system developing
FIO must not become an insurance regulator, says NAIC chief
Reserve financing using offshore captives is big business in the US. Yet what started as an innovative method of moving excessive reserve requirements off balance sheet has turned, in some regulators’ minds, into a dark art that puts policyholder protection...
Fears that global cooperation and coordination initiative is evolving into strict regulatory regime
European life insurers are particularly challenged by Orsa implementation, finds survey
The US and Europe are at loggerheads over finding a common regulatory framework for insurers. But as they struggle to come to a resolution the IAIS is looming, with its own approach to global regulation that could undermine them both. Louie Woodall reports...
This paper discusses a number of diverse considerations that risk managers need to incorporate into their thought processes and recurring procedures if they are to fulfill their role more effectively in the future
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