Search results
20 cze 2024 · Insurance regulation refers to the framework of laws, rules, and guidelines that govern the operations of insurance companies and their services. The primary objective of insurance regulation is to protect consumers while ensuring the stability and reliability of the insurance market.
25 cze 2020 · The history of the insurance industry has seen many iterations — and it continues to evolve. With the McCarran-Ferguson Act, for example, states were granted broad authority to regulate the business of insurance. Meanwhile, GLBA set new standards for the distribution and protection of consumer data.
Insurance compliance ensures that insurance companies adhere to regulatory requirements, industry standards, and ethical practices. It aims to protect policyholders by promoting fair practices, financial stability, and transparency in the insurance sector.
31 paź 2024 · The insurance sector in the UK is subject to a complex and dynamic regulatory framework, which aims to ensure the protection of policyholders, the stability of the financial system and the ...
This Chapter examines the regulatory regime for insurance. It begins with an overview of the peculiar nature of insurance and the rationales for its regulation, along with a history of insurance market integration in the EU.
millennia ago. Non-life insurance in its modern form (also known as Property and Casualty or P&C, and general insurance) became established in Italian cities such as Genoa in the fourteenth century to support their active marine based trading activities, with the first regulation appearing in 1336. The concept spread rapidly to other
Browse our timeline to learn how we support insurance regulators in their mission to protect consumers and ensure fair and healthy insurance markets.
