The NAIC held its 11th Annual International Forum in Washington, D.C. on May 15-16, 2017. The NAIC Press Release issued post-forum states as follows: “The two-day forum included more than 300 regulators and insurers from 20 jurisdictions representing more than 70 percent of global insurance premium.” While there were certainly late arrivals, i.e., too late […]
Shakespeare’s Macbeth, Act V, Scene V: “To-morrow and to-morrow creeps in this petty pace from day to day, to the last syllable of recorded time; and all our yesterdays have lighted fools the way to dusty death. Out, out brief candle! Life is but a brief shadow, a poor player that struts and frets his […]
By: Martin Carus On January 12, 2016, MetLife issued a press release describing a proposed break-up of the company into two distinct parts: (i) US “retail business” (for the most part and excluding business in force) and (ii) other business. The former is what is to be embedded into a new company. Note that this […]
On November 16, 2014 the NAIC/Center for Insurance Policy Research issued a paper entitled, “U.S. Group Capital Methodology Concepts Discussion Paper” (the Paper) through the ComFrame Development and Analysis (G) Working Group (hereinafter, “the Working Group”). This Paper was part of the agenda package for the Working Group’s September 24, 2015 meeting. Following is an […]
In April 2015, the International Monetary Fund (IMF) issued Country Report 15/90 (i.e., The Financial Sector Assessment Program report). The report is dated March 2015 and analyzes the United States in terms of adherence to the Insurance Core Principles (ICPs) formulated by the International Association of Insurance Supervisors headquartered in Basel, Switzerland. The United States […]
Whether “’tis nobler in the mind to suffer the slings and arrows of outrageous fortune….” is besides the point for financial services decision-makers. The question here is whether there are “noble minds” pondering this question as respects current efforts to devise global capital standards for insurers. I’ll leave the answer to you the reader after […]
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