The EU’s Solvency II regulations get most of the headlines, but there are other regulatory bodies, which are trying to modernize and harmonize the regulations for global insurance companies. Their task has been made even more difficult by the prolonged …
Tightening fiscal integration in the euro zone and surrendering more sovereignty in the name of deeper cooperation between member states may be possible only in the medium term, the EU’s top economic official said on Monday, dampening expectations of a …
The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products that is often created by protectionist barriers in emerging markets.” …
The Swiss-based insurance think tank Geneva Association has followed up on its recent report as to whether or not some insurers should be considered as G-SIFI’s (globally systemic important financial institutions). The Association has sent a letter to the Federal …
The International Association of Insurance Supervisors (IAIS) announced that its timetable with the Financial Stability Board (FSB) to develop a means to identify “global systemically important insurers,” or “G-SII’s” for additional regulation has been delayed. It is now looking towards …
New data-protection proposals from the European Union to help people regain control of personal information from sites like Facebook could prove as effective as commanding the tide, while hurting small firms and Web giants alike. The new legislation, which European …
A bulletin from Willis Group Holdings identifies 18 “emerging risks,” as causing increasing concern among the world’s insurance community. Willis compiled the list from its new website of intellectual capital, WillisWire. While “headline-grabbing events” – the euro zone crisis, the …
A newly published study from insurance think tank the Geneva Association analyzes the principle concerns facing the industry in 2012. The current global financial instability tops the list. It’s closely followed by concerns over governmental management of natural catastrophe risk …
Nebraska insurance regulators have notified the governing committee of the Nonadmitted Insurance Multistate Agreement (NIMA) that the state intends to withdraw from the agreement effective March 5, 2012. Bruce Ramge, director of the Nebraska Department of Insurance, on Jan. 4 …
Long before the latest global breast implant scare, American health officials were toying with the idea of building a registry that would track patients with implants. The registry would give a better idea of the number of complications over time, …
