European Union

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  Meeting the Regulatory and Reporting Demands for Big Data

  By Volker Mohr  |  May 16, 2013

  New and developing regulations are bringing fresh challenges to the insurance industry.

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  Telematics: Trouble or Tipping Point for Midsized Carriers?

  By Michael P. Voelker  |  May 1, 2013

  With insurers and vendors working to solve high entry costs, data challenges, and intellectual property concerns, user-based insurance may finally be nearing its much-anticipated breakthrough to the mainstream.

• Hesseling Joins ACORD as Head of Global Standards

  By Staff Writer  |  April 24, 2013

  Monique Hesseling, global head of personal lines segment marketing at Zurich General Insurance has agreed to join ACORD as vice president and chief standards officer to oversee standards development, implementation, and related services.

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  Telematics: Trouble or Tipping Point for Midsized Carriers?

  By Michael P. Voelker  |  April 4, 2013

  Despite the far-reaching promise of telematics in insurance, fewer than two dozen carriers have managed to bring a telematics solution to market in North America in either personal or commercial auto.

• India Plans Reinsurance Pool to Cover Refiners Handling Iran Oil

  By Rajesh Kumar Singh, Reuters, Manoj Kumar, Reuters  |  April 3, 2013

  India plans to set up a fund of up to $368.4 million to back local insurers in offering cover to refiners who process Iranian crude, three government sources said, as sanctions discourage global reinsurers from taking on the risk.

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  Nanomaterials: Assessing Risk and Liability

  By Christoph Meili  |  April 3, 2013

  Staying abreast of new scientific data about nanomaterial risks and regulatory developments will help ensure appropriate underwriting decisions and loss mitigation.

• Nanomaterials: Assessing Potential Risks and Liability

  By Dr. Christoph Meili  |  March 29, 2013

  Staying abreast of scientific data about risks and regulatory developments will help ensure appropriate underwriting decisions and loss mitigation.

• U.S. Places Sanctions on Iranian Firms That Insure Oil Shipments

  By Timothy Gardner, Reuters  |  March 18, 2013

  The Obama administration has imposed sanctions on Iranian companies it says provide insurance services to the country's main petroleum shipper, part of the latest U.S. effort to choke funding to Iran's disputed nuclear program.

• BMA: Bermuda Won’t Adopt Solvency II Requirements for Captives

  By Anya Khalamayzer, PropertyCasualty360.com  |  February 5, 2013

  The world’s leading domicile for captive insurers will not apply Solvency II requirements to the captive businesses domiciled there, the Bermuda Monetary Authority (BMA) announced.

• Bermuda will Not Adopt Solvency II Requirements for Captives, says BMA

  By Anya Khalamayzer, PropertyCasualty360  |  January 30, 2013

  Bermuda, the world’s leading domicile for captive insurers, will not apply Solvency II equivalency to the captive businesses domiciled there, announced the Bermuda Monetary Authority on Tuesday.

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  Nelson Sticks to NAIC Script on Preservation of State System

  By Elizabeth Festa, PropertyCasualty360.com  |  January 23, 2013

  Ben Nelson echoed the sentiments of the National Association of Insurance Commissioners' leadership in his first public press conference as new CEO of the organization by casting the desired relationship with the federal government as one of a “partnership,” not one allowing incursion, pre-emption or even dual regulation.

• USDA Chief Pessimistic about Farm Bill Prospects

  By Doug Palmer, Reuters  |  December 19, 2012

  Agriculture Secretary Tom Vilsack on Wednesday said there was a serious risk the deeply divided U.S. Congress will not complete work on a new five-year farm bill by year-end.

• EU Insurer Capital Rules Cut Share Prices by 10%, AXA Says

  By Reuters  |  December 3, 2012

  Planned new capital rules for European Union insurers have cut the value of European stocks by nearly 10 percent over the last three years, French insurer Axa said on Monday.

• SAP Solution Helps Insurers Deal with Solvency II Requirements

  By Staff Writer  |  December 3, 2012

  SAP announces a new rapid-deployment solution to help insurance companies located or doing business in the European Union (EU) meet the reporting requirements of the Solvency II Directive and its fast-approaching deadlines.

• SAP Offering Helps Insurers With Approaching Solvency Requirements

  By Staff Writer  |  December 3, 2012

  SAP's rapid-deployment solution is designed to help insurers located or doing business in the EU to meet the Solvency II Directive's reporting requirements.

• Staying Compliant Amid Escalating Cyber Threats

  By David M. Governo, Corey M. Dennis  |  November 30, 2012

  Despite the increased focus on data security, many insurers experienced data breaches in the past 12 months. Balancing compliance obligations and cyber attack vulnerabilities.