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30 kwi 2024 · Insurance regulation. Common rules to facilitate the activities of insurance companies across the EU, ensure that they can survive in difficult times, and protect policyholders. What the EU is doing and why. Insurance policies play an important role in the lives of the majority of European citizens.
17 wrz 2024 · Key Takeaways. Life insurance is a legally binding contract that promises a death benefit to the policy owner when the insured person dies. The policyholder must pay a single premium upfront or...
20 cze 2023 · Known as solvency II, it requires insurance and reinsurance companies in the European Union (EU) to hold sufficient financial resources. It also sets out governance, risk management, transparency and supervisory rules. KEY POINTS Scope. The directive covers non-life insurance, life insurance and reinsurance companies. Authorisation
15 sie 2023 · Learn about the limitations and risks of replacing a life insurance policy, such as contestability, surrender fees, and churning. Find out how the industry and the states regulate replacements and protect consumers.
Financial Economics. In this Chicago Fed Letter, we illustrate how regulators have used rule-based and principle-based approaches to set the minimum level of reserves and capital for insurers. We use examples to show the trend toward more principle-based regulation.
•The life insurance industry is a heavily regulated industry. •Life insurance companies are primarily subject to state regulation due to the McCarran-Ferguson Act. •However, many federal laws and regulations are applicable to life insurance company products and practices. •Given the complex regulatory scheme, compliance
Regulators are taking steps to address these challenges, such as introducing new rules to govern the relationship between private equity firms and life insurers, developing new frameworks for cross-border reinsurance, and aligning regulatory standards internationally.
