Insurance Association Head Says China May Open Auto Market to Foreign Firms November 16, 2011 By Faith Hung and Samuel Shen China, the world’s largest auto market, is likely to open its mandatory auto insurance market to foreign companies next year,...
IAIS Calls for Greater Scrutiny over Non-traditional Insurance November 15, 2011 By Myles Neligan Regulators should focus on insurers’ role in markets outside their traditional sphere, as such activities could worsen the economic impact...
Best Issues Special Report on New Zealand’s Non-Life Insurance Market November 14, 2011 A new report from A.M. Best examines New Zealand’s non-life insurance market, which it describes as being “in a state...
Insurance Groups Laud State Regulators’ Action to Reduce Reinsurance Collateral November 8, 2011 By Charles E. Boyle State insurance regulators have approved a new model law and regulation on credit for reinsurance that allows some foreign reinsurers...
Helping Banks is Hurting Insurance Industry Geneva Association Tells G20 November 2, 2011 In an open letter The Geneva Association directly addressed the Finance Ministers and Central Bank Governors of the G-20 before...
War Veteran Turned Banker is China’s New Insurance Regulator October 31, 2011 By Terril Yue Jones Xiang Junbo, the man named on Saturday to be China’s insurance regulator, recently led the country’s third-largest lender from near...
Treasury Seeks Comments on Improving Insurance Regulation October 18, 2011 The U.S. Treasury Department’s Federal Insurance Office is seeking public comment for its report on how to improve the country’s...
Regulators Tell Oil Firms to Improve Safety October 5, 2011 By Gwladys Fouche Oil and gas companies must improve the way they deal with safety issues in the wake of the Gulf of...
New York Officially Launches Financial Services Department October 3, 2011 New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched...
U.S. to Require Consumer Labels on Health Insurance Plans August 17, 2011 By Andrew Seaman Insurers and employers will have to spell out plainly the costs and benefits of the health plans they offer starting...