A new report from A.M. Best Co. concludes that “Indonesia’s solid economy is fueling growth for a developing non-life insurance market, well supported by domestic consumption and investment offsetting a weaker international environment.” Best said there had been “stable growth …
Insurance markets have evolved over the years to become increasingly global, interconnected, and convergent — a trend that will undoubtedly continue in years to come. The National Association of Insurance Commissioners (NAIC) is committed to coordinating with our regulator colleagues …
Calling London a haven of regulatory loopholes that spawns financial trading disasters could make it harder to align new transatlantic rules, figures in London’s financial and legal circles said on Wednesday. Responding to attacks in Congress on London’s regulatory record, …
The EU’s Solvency II regulations get most of the headlines, but there are other regulatory bodies, which are trying to modernize and harmonize the regulations for global insurance companies. Their task has been made even more difficult by the prolonged …
Tightening fiscal integration in the euro zone and surrendering more sovereignty in the name of deeper cooperation between member states may be possible only in the medium term, the EU’s top economic official said on Monday, dampening expectations of a …
The American Insurance Association has issued a statement, which points out several instances of a “disconnect between the continued significant global insurance capacity and a strong demand for insurance products that is often created by protectionist barriers in emerging markets.” …
The Swiss-based insurance think tank Geneva Association has followed up on its recent report as to whether or not some insurers should be considered as G-SIFI’s (globally systemic important financial institutions). The Association has sent a letter to the Federal …
The International Association of Insurance Supervisors (IAIS) announced that its timetable with the Financial Stability Board (FSB) to develop a means to identify “global systemically important insurers,” or “G-SII’s” for additional regulation has been delayed. It is now looking towards …
New data-protection proposals from the European Union to help people regain control of personal information from sites like Facebook could prove as effective as commanding the tide, while hurting small firms and Web giants alike. The new legislation, which European …
A bulletin from Willis Group Holdings identifies 18 “emerging risks,” as causing increasing concern among the world’s insurance community. Willis compiled the list from its new website of intellectual capital, WillisWire. While “headline-grabbing events” – the euro zone crisis, the …
