Regulation & Compliance
Price Optimization Continues as an Unresolved Issue
Price optimization and the controversy over whether or not to use it in insurance continues even though many states have banned the practice, panelists said during the Casualty Actuarial Society's ...
Insurers, Banks to Get Brexit Update From Bank of England
The Bank of England said it would update banks and insurers next week on its approach to Brexit given that Britain and the European Union have now adopted a transition deal. "The Bank of England ...
China’s New Insurance/Banking Head Known for ‘Regulatory Firestorm’
Chinese financial heavyweight Guo Shuqing has been appointed head of the country's newly merged regulator for the banking and insurance sectors, Financial News, the official newspaper of the central ...
Former FIO Director McRaith Takes Private-Sector Position With Blackstone
Michael McRaith, the former director of the Federal Insurance Office, has joined up with global investment firm Blackstone. McRaith will be managing director of the newly formed Blackstone Insurance ...
Without Consumer Trust, Insurers Could Lose Out to Tech Companies
A future in which technology companies have access to online consumer data and data from the Internet of Things while insurers are shut out could emerge if insurers don't earn the trust of consumers. ...
Growth of Crypto-Assets Could Cripple Financial System Stability: BOE’s Carney
The rapid evolution of crypto-assets such as Bitcoin may one day make them a threat to the financial system, Mark Carney, chairman of the Financial Stability Board, said in a letter to Group of 20 ...
China Will Merge Its Insurance, Banking Agencies in Big Regulatory Revamp
China is merging its banking and insurance regulators, giving new powers to policymaking bodies such as the central bank and creating new ministries in the biggest government shake-up in years. The ...
AXA’s $15.3B Deal to Buy XL Group Leads to S&P CreditWatch Negative Status
Standard & Poor's placed France's AXA on CreditWatch with negative implications over its planned $15.3 billion purchase of XL Group Ltd. The ratings agency said it is worried about what the ...