US insurance: compliance officers turn sights to risk

Survey shows compliance growing into more forward-looking role

regulatory-compliance

Compliance teams are growing in importance within US insurance companies as firms face a tide of industry regulation, while practitioners say the nature of the role is moving closer to that of risk management.

New standards under development at the national level, in the form of principle-based reserving and the Own Risk and Solvency Assessment (Orsa), and at international level in the form of policy measures for internationally active insurance groups (IAIGs), has prompted firms to increase the

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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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