"Uncertainty" sums up the regulatory environment for insurers in all lines in 2014, says Howard Mills, director and chief advisor of Deloitte's insurance industry group and former New York State Insurance superintendent.

"All of the regulations bode for higher capital standards for insurers, much heavier emphasis on consumer protection and risk management and governance," Mills says. "Companies are spending a lot of money on infrastructure, analytics and staff, preparing for that as we speak," Mills says.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access