Life Insurance Activity Heats Up in January
February 22, 2016 by Cyril Tuohy
Principle-based reserving, the Department of Labor fiduciary standards, solvency assessments and the influence of regulators factor among the top trends facing life insurers in 2016, a new report states.
The Federal Insurance Office (FIO), the Financial Stability Oversight Council (FSOC) and the Office of Financial Research (OFR) are already having a “significant impact” on the life insurance business, according to the report.
The report on top regulatory trends in 2016 was published by the Deloitte Center for Regulatory Strategies.
“The complicated regulatory environment, the federal-state-international (regulatory) interaction, these will force changes,” said Howard Mills, a former regulator and Deloitte’s global insurance regulatory leader, in an interview Thursday with InsuranceNewsNet. Click HERE to view
Wink’s Note: INN articles may require a subscription to view