NEW YORK--The theory of principles-based regulation sounds promising, but actual application of the concept may fall short, a lobbyist suggested here drawing parallels to the development of risk transfer rules for finite insurance deals.
Bradley Kading, president and executive director of the Association of Bermuda Insurers & Reinsurers, made the assessment yesterday during a joint luncheon of the Association of Professional Insurance Women and the Insurance Brokers Association of the State of New York, in response to a question.
A principles-based regulation system for insurance was spotlighted recently in New York when Insurance Superintendent Eric Dinallo proposed rules in his state.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
