global insurance regulation News

Global Insurance Regulators Postpone Tougher Capital Standards

Global insurance regulators will take more time than previously planned to address industry concerns before applying tougher capital rules to some of the largest companies they oversee. Capital rules for global insurers, known as the Insurance Capital Standard, or ICS, …

NAIC Roadshow to Tout State Regulation to U.S., Foreign Policymakers

The nation’s organization of state insurance regulators is launching an educational program to sell U.S. and foreign leaders and the public on the virtues of the 150-year old state-based insurance regulatory system. The National Association of Insurance Commissioners (NAIC) said …

U.S. Insurance Regulators May Refuse to Apply Global Capital Rules: NAIC President-Elect Lindeen

The United States may refuse to apply new global capital rules in the world’s biggest insurance market because of the “breakneck speed” they are being pushed through, American regulators said on Monday. The National Association of Insurance Commissioners (NAIC), made …

Global Financial Regulators Eye Systemically Risky Non-Banks

Global regulators have taken a first step to identifying financial firms such as brokers and hedge funds that face extra scrutiny because of the risks they pose to the wider financial system. The Group of 20 economies (G20) agreed in …

G20 Urges U.S. to Centralize Insurance Regulation

The United States could improve how it spots and prevents risks in the financial system from turning into destabilizing crises, a global regulatory task force said on Tuesday. The Financial Stability Board (FSB) said the world’s top insurance market could …