Insurance Regulation
Pending New York Cybersecurity Regs Risk Raising Loss Potential: Fitch Ratings
New cybersecurity regulations in New York could raise loss potential for insurers, even as they fuel premium growth for both the cybersecurity and directors and officers sectors, Fitch Ratings said ...
Guts, People, Regulatory Education Needed to Innovate Insurance
At an industry conference last month, two insurance executives welcomed news of potential flexibility coming from state regulators as they pursue individual paths to digital and data-driven futures, ...
Swiss Re, Software Firm SAP SE to Develop Financial Steering/Reporting Product
Swiss Re has formed a strategic partnership with software company SAP SE to develop a product addressing the increasingly complex demands of global regulators regarding financial steering and ...
Trump Orders Agencies to Kill Two Govt. Regs for Each New One Issued
President Donald Trump ordered government agencies on Monday to propose revoking two regulations for each new one they issue, fulfilling a promise he made shortly after his election. The military and ...
Trump’s Push to Streamline Government Places the FIO’s Future in Question
Under U.S. President Donald Trump, the Federal Insurance Office's future is far from certain. Created by the Dodd-Frank financial reform bill in 2010 and launched in 2011, the Federal Insurance ...
NAIC President Vows to Help Insurers Innovate
Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would ...
Insurers Can be Too Risky But Not Too Big: NAIC President
Although the Financial Stability Oversight Council created by Dodd–Frank Wall Street Reform and Consumer Protection Act could serve an incredibly useful purpose, FSOC's activities so far have been ...
Many Insurance Execs View Regulation as a Barrier Toward Adopting Digital Tech
Many insurance industry executives see complex regulatory requirements as the biggest barrier toward adopting digital technology, according to a recent Willis Towers Watson survey finding that 42 ...