byJeffrey Bohn|May 31, 2024|Regulatory|United States On May 23, 2024, the New York Department of Financial Services (the “Department”) issued Insurance Circular Letter No. 3 (the “Letter”). The Letter is addressed to “all insurers authorized to write property/casualty insurance in New ...
An overview of the topics presented in our 2024 regulatory outlook Regulatory oversight of AI use As the insurance industry continues to use AI to drive value, risk managers should seek to find balance between rewards and regulatory expectations. For example, Colorado’s regulatory framework for ins...
Transform your ideas into reality with custom software tailored just for your business – contact us today! Get in Touch Largest Insurance Companies by Segment The country’s largest insurance companies have maintained dominance, especially in the top 10, with only slight changes in the rankings. T...
On October 3, Governor Maura Healey appointed Michael T. Caljouw as the new Commissioner of the Massachusetts Division of Insurance (DOI). Starting November 4, 2024, Caljouw will bring over 30 years of experience in insurance law, policy, and regulatory affairs to lead one of the country’s ...
In the era of expanding globalisation, it is important for insurers need to be aware of regulatory developments not only in their home jurisdiction but also in other jurisdictions/regions.
The life insurance industry in the UK, the US, and Europe is currently facing several regulatory challenges, driven by the increasing involvement of private equity firms in life insurance and the globalisation of the reinsurance market amidst concerns about ...
Life as a contractor can mean no two days being the same. You might move from one site to the next, or be retained by a client to deliver a major project. In a fast moving world, important deadlines may be missed, an error or accidental oversight may occur in the advice you provide...
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In some markets, regulatory changes have already taken place, compelling both brokers and aggregators to charge consumers a fee for advice. Aggregators need to ensure that their fees are on a par with or cheaper than brokers’ fees, meaning they must excel ...
(2007) `Regulatory competition and life insurance solvency regulation in the European Union and United States', North American Actuarial Journal 11: 23-41.Booth P., and A. D. Morrison, 2007, Regulatory Competition and Life Insurance Solvency Regulation in the European Union and United States, ...