The growing level of activity among regulatory bodies and quasi-regulatory agencies focused on strengthening insurance solvency protection systems, particularly regarding increased risk capital and enhanced risk management, will force insurers to focus more attention on modeling their risks, according to …
John M. Huff, director of the Missouri Department of Insurance, has been appointed chair of a national task force focusing on insurance regulation, the department announced. The Solvency Modernization Initiative was created by the National Association of Insurance Commissioners. Launched …
As business becomes more globalized, the financial services industry, including insurance, has recognized the need to keep up with the changing times. Both U.S and European Union regulators have therefore embarked on several initiatives requiring mutual discussion and cooperation, as …
