What a major yawn. All this time and mostly a recitation of history without substantive support of problems not being addressed. No creativity. Accounting for insurance contracts is a game changer, not this. US regulators focus on policyholders, not investors, is the better path, particularly as the US market (not international insurance) is still the dominant insurance market. Bancassurance will only make insurance a systemic risk.
What a major yawn. All this time and mostly a recitation of history without substantive support of problems not being addressed. No creativity. Accounting for insurance contracts is a game changer, not this. US regulators focus on policyholders, not investors, is the better path, particularly as the US market (not international insurance) is still the dominant insurance market. Bancassurance will only make insurance a systemic risk.