Insurance regulators in the U.S. have begun signing up with their international peers to push a new ERM approach called “ORSA”—Own Risk and Solvency Assessment, says Dave Ingram, executive vice president of Willis Re.
Today’s accounting Super Session will cover some of the major regulatory, political and legislative issues that have global implications for insurance accounting professionals. The super session features panelists who are experts on a wide range of regulatory topics, including U.S. healthcare reform, Europe’s Solvency II, and the NAIC’s Solvency Modernization...
Developing an enterprise risk management program is like running a long-distance race. During the process, you may ask, “Why the heck am I doing this?” Here are six reasons you should cross the finish line.
After working for insurance and reinsurance companies for many years, I was away from the industry for several months. When I returned, the number of major changes in the legal, regulatory, and risk environments surprised me.
U.S. regulators are busy laying the foundation for modernizing solvency standards aimed at better understanding a carrier’s ability to withstand the stress of insured losses and making that reporting globally acceptable, experts say.
Recent turmoil in financial markets has prompted global insurance regulators to consider sweeping reform designed to protect policyholders and promote confidence in the financial stability of the insurance sector.
With U.S. tax and regulatory legislation up in the air for insurers and reinsurers, even if offshore moves adversely affect Bermuda's longtime insurance supremacy, don't expect carriers to abandon the island in droves anytime soon, analysts suggest.