Be grateful for whoever comes, because each has been sent as a guide from beyond. Rumi
Idea Transcript
|
United States
Global insurance prudential regulatory framework: Where it’s converging, where it isn’t, and what insurers can do about it December 2015
Overview Insurance executives and boards throughout the world are uncertain about what change to the prudential regulatory framework may bring. They fear that potential changes will increase the cost of doing business. Uncertainty about the post-change environment has impeded strategic decision making. However, a closer look at regulatory developments leads us to two perhaps surprising conclusions: 1. The regulatory future is more certain than at first it might appear. 2. Where there is uncertainty, what insurers need to do is clearer than they might think. Although some elements of the framework remain uncertain and do not appear to be converging, most of the different regulatory initiatives pertaining to the framework in fact are converging. Their likely end state is reasonably clear and insurers do not need to wait to consider a corresponding course of action.
Contact us Henry Essert Insurance Risk Management Leader Tel: +1 (646) 471 4400 Email
Ed Barron Director, Global Insurance Regulatory Services Tel: +44 20 7213 3398 Email
Ellen Walsh US Insurance Advisory Leader Tel: +1 (646) 471 7274 Email
Marco Filion Canadian Actuarial Services Leader Tel: +1 (416) 814 5789 Email