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In the United States, the Securities and Exchange Commission is framing guidelines for emission reporting, and further developments from regulators along with development of federal and state requirements for the insurance industry through 2024 are anticipated.
- 2021 Insurance Regulatory Outlook
The future of regulatory compliance for the insurance...
- 2021 Insurance Industry Outlook
Insurance regulators and several government entities around...
- 2021 Insurance Regulatory Outlook
The future of regulatory compliance for the insurance industry will require leaders to find balance between opportunity and obligation. Explore how insurance leaders can stay on top of regulatory shifts in 2024, including artificial intelligence (AI) governance and the impact of climate change.
Insurance regulators and several government entities around the world are asking for greater transparency from insurance providers in how they account for climate risks in their investment strategies. They are also focused on making insurance coverage accessible and affordable for consumers, especially those in more vulnerable communities. 23
Insurance regulatory law is the body of statutory law, administrative regulations and jurisprudence that governs and regulates the insurance industry and those engaged in the business of insurance.
8 sty 2024 · The new streamlined IM process reduces the number of tests and standards for new IM applications and introduces more flexibility for the Prudential Regulation Authority (PRA) to grant permission for a model subject to residual limitations.
EU legislators agreed a set of reforms to the rules regulating insurance firms, the so-called ‘Solvency II’ rules and a new framework for the recovery and resolution of insurance firms.
The life insurance industry in the UK, the US, and Europe is currently facing several regulatory challenges, driven by the increasing involvement of private equity firms in life insurance and the globalisation of the reinsurance market amidst concerns about regulatory divergence and arbitrage.
