MetLife Sifi fight draws in state regulators

Insurance commissioners say views ignored by federal agencies


US state insurance regulators have accused federal agencies of ignoring their input in the designation of MetLife as a nonbank systemically important financial institution (Sifi).

MetLife was labelled a Sifi on December 19 last year by the Financial Stability Oversight Council (FSOC), with one voting member - Roy Woodall- dissenting. On January 13, the insurer filed a complaint in the US District Court for the District of Columbia to overturn the designation. It is the first nonbank Sifi to sue

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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