FEATURED INDUSTRY NEWS Legislation/Regulation P&C WRIN.tv Newswire Social Inflation, “Nuclear Verdicts” & Extreme Weather Top Insurer Issues in 2020 – NAMIC CEO. Chuck Chamness, President and CEO of the National Association of Mutual Insurance Companies (NAMIC), says the industry can take a victory lap after renewal of the Terrorism and Risk Insurance Act (TRIA) for seven years. Social Inflation and “nuclear verdicts” are on everyone’s mind now, according to Mr. Chamness, and NAMIC is studying the causes and potential solutions to judgments … Read More
Legislation/Regulation Global CommFrame is a noble goal, but consistent, sensible insurance regulation is critical James Vickers, Chairman of Willis Re International & Specialty, speaks with WRIN.tv during the 2015 IIS Global Insurance Forum on the impact of regulation, Solvency II equivalency and CommFrame. Mr. Vickers sees Solvency II equivalency as helpful for a number of regimes. He believes regulation is necessary, but commonality will make the load lighter. Mr. Vickers feels CommFrame is noble … Read More
INDUSTRY NEWS Legislation/Regulation Recent Stories Tom Leonardi on cyber risk regulation, unintended regulatory consequences and goals going forward Tom Leonardi, a Senior Advisor at Evercore and former Connecticut Insurance Commissioner, speaks with WRIN.tv during the recent IIS Global Insurance Forum at the United Nations. He addresses regulator focus on cyber security, regulations that are harming industry growth, and what he feels regulators should focus on. Regulators focus on cyber risk in the wake of Anthem/Premera Blue Cross breach … Read More
Legislation/Regulation Unintended consequences of insurance regulation and U.S. regulatory goals going forward In a speech during the IIS Global Insurance at the United Nations, former Connecticut Insurance commissioner and Senior Advisor at Evercore Tom Leonardi, discussed unintended consequences form some insurance regulation. He says Market Consistent Valuation, for instance, will hurt long-term investment strategies, long-term insurance products. WRIN.tv speaks with Tom Leonardi, a Senior Advisor at Evercore and former Connecticut Insurance commissioner, … Read More
Legislation/Regulation Regulatory standards could make it harder for international insurers to compete in local markets At the 2015 Global Insurance Forum, WRIN.tv spoke with Shaun Crawford, Global Insurance Sector Leader at Ernst & Young, about the impact of Solvency II on regulatory standards around the world. He comments on the EU endorsement of insurance rules used in seven countries, including the U.S., Switzerland and Bermuda, saying it raises the level of how insurers are analyzed … Read More
ILS & Capital Markets Markets Recent Stories Reinsurance Markets New Capital will fundamentally change commercial insurance as it has reinsurance – ABIR President Brad Kading, President of the Association of Bermuda Insurers and Reinsurers (ABIR) spoke with WRIN.tv during the 2015 Global Insurance Forum in New York, about Solvency II equivalency and opportunities from new capital. The EU’s endorsement of insurance rules in seven countries, including the U.S., Switzerland and Bermuda , is very important for Bermuda. Mr. Kading says achieving equivalency because … Read More
Companies EMERGING TRENDS FEATURED Legislation/Regulation Recent Stories Working in Risk & Insurance Hamilton CEO Duperreault on recruiting millennials, microinsurance, Solvency II, cyber risk and more WRIN.tv spoke with Hamilton Insurance Group CEO Brian Duperreault during the recent IIS Global Insurance Forum about a number of issues facing the industry, including: Recruiting “Digital Natives” from millennials can help insurance industry disrupt from within Blue Marble Microinsurance to develop insurance solutions for the developing world Solvency II instills discipline around capital adequacy and framework for risk modeling … Read More
Legislation/Regulation Solvency II instills discipline around capital adequacy and framework for risk modeling Here Brian Duperreault, CEO of the Hamilton Insurance Group, speaks with WRIN.tv at the recent Global Insurance Forum in New York about Solvency II. Mr. Duperreault says there are several aspects to Solvency II. It is concerned with making sure capital is adequate using internal models. It also gives companies a framework around the risk they underwrite so they have … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation Recent Stories Regulators and insurance industry would both benefit from global regulatory standards Darren Maher, a Partner and Head of Corporate Insurance at Matheson, spoke with WRIN.tv at the 2015 European Insurance Forum in Dublin about the movement toward global insurance regulation. The talk of creating a global regulatory regime started in the immediate aftermath of the most recent financial crisis. Mr. Maher says the industry and regulators realized the current regulatory regimes … Read More
FEATURED Legislation/Regulation Recent Stories A PwC Partner Believes Solvency II Will Drive More Corporate Restructuring Padraic Joyce, an Insurance Partner in the Audit Practice at PwC, moderated a session on Solvency II at the recent European Insurance Forum (EIF) in Dublin. Here, he discusses what remains to be done, the impact of Solvency II on corporate structures, and more. Mr. Joyce points out that Solvency II has three pillars. Pillars I is concerned with internal … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation Recent Stories Central Bank of Ireland Director: Irish insurers are ready for Solvency II, but systems still a concern Sylvia Cronin, Director of Insurance Supervision at the Central Bank of Ireland, and a member of the EIOPA Board of Supervisors, joins WRIN.tv during the recent European Insurance Forum to discuss whether Irish insurers was ready for Solvency II. According to Ms. Cronin, the insurance industry in Ireland has been looking at Solvency II for the past 15 years. While … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation Recent Stories Deloitte Partner expresses concern: Are the regulators ready for Solvency II? Glenn Gillard, a Financial Services Partner at Deloitte, speaks about the implementation of Solvency II, Base Erosion Profit Sharing (BEPS), and conduct regulations that could affect insurers in the near future. The final phase of preparing for Solvency II is coming to an end said. Mr. Gillard believes the current challenges surround what is going to be delivered, especially around … Read More
FEATURED INDUSTRY NEWS Legislation/Regulation Recent Stories ‘Father of Solvency II’ discusses original rationale, frustrations, and the future of insurance regulation Solvency II will be implemented on 1 January 2016. At the recent European Insurance Forum (EIF) in Dublin, WRIN.tv speaks with Karel van Hulle, who was responsible for the early development of Solvency II and is known as the “Father of Solvency II.” He is currently an Associate Professor at the Goethe University in Frankfurt and Chairman of the Insurance … Read More
FEATURED INDUSTRY NEWS Markets Recent Stories Ireland – a recognized center of excellence within the global insurance industry. At the 2015 European Insurance Forum (EIF), Dublin International Insurance and Management Association (DIMA) CEO Sarah Goddard speaks with WRIN.tv about the biggest issues facing the industry, the growth of the Irish insurance market and the 2015 European Insurance Forum. With Solvency II implementation scheduled for 1 January 2016, Ms. Goddard says preparations are among the many hot topics at … Read More
Companies EIF 2013: Zurich CRO Clive Kelly and the evolving role of Chief Risk Officer EIF 2013: Zurich CRO Clive Kelly and the evolving role of Chief Risk Officer Read More
Uncategorized World Risk and Insurance News – March 20, 2012 An EXCLUSIVE Interview with UK's David Ruffley MP; EU debates sanctions on Iran oil, IMF bails out Greece, Legislative Brief on Tort Reform. Read More