Compliance

The multi-line insurer looks to the iWorks Prophet Managed Hosted Service platform to improve efficiency and compliance of actuarial modeling operations.

The group of insurers may have to increase assets held to back payouts by $4 billion.

The U.S. House of Representatives overwhelmingly approved the bipartisan insurance agent licensing reform bill, also known as the National Association of Registered Agents and Brokers Reform Act of 2013 (NARAB II), by a 397-6 vote.

Software providers unify user interfaces and increase focus on business intelligence.

TransRe, a global reinsurer has selected MetricStream’s federated information architecture, which is designed to support the full range of risk and compliance processes, enable multiple reporting facilities and link to existing enterprise.

A new request for peer reviews from the global regulatory body groups insurers and banks together.

The Centers for Medicare and Medicaid Services, in a final rule setting standards for health plans operating in state health insurance exchanges, has dropped a proposed requirement that privacy and security incidents be reported within one hour of discovery, while at the same time noting it is still required by other regulations.

Dimensions is designed to provide accuracy in assessing consumer credit activity and supplement lending decisions.

Federal officials now will allow some insurers to wait until 2015 to comply with the consumer protection.

Insurer is approved to provide health care coverage to eligible small businesses in all 58 counties in the state.

Jason Cole will join MetLife as VP of federal government relations as of Aug. 22, 2013. He will report to Heather Wingate, head of federal and state lobbying.

The vast majority of financial institutions do not believe their data technology is very effective, according to a global risk survey from Deloitte.

AIG and Principal are making moves to limit their proprietary trading and investments, attempting to appease regulators just as MetLife, The Hartford and Allstate have done before them.

Insurers included on the Financial Stability Board's list of global systemically important insurers (G-SIIs) could see a modest improvement in their credit profiles due to the higher risk and capital management standards imposed on them, according to Fitch Ratings.

American International Group Inc. and Allianz SE are among insurers deemed systemically important by global financial rule makers, meaning they may face tougher capital standards and tighter regulation.

Minnesota Department of Commerce finds agents’ dismissal for failing to achieve sales quota violates state laws.

Aetna, Empire BlueCross BlueShield and 15 other insurers set to participate in New York’s Health Benefits Exchange.

The decision announced last week by the Financial Conduct Authority (FCA) to conduct a market study of add-on financial products is raising one or two eyebrows within the industry.

New capabilities designed to enable an improved view of risk, regulatory requirements, and assist companies in investment decision-making.

Sixty-eight percent of financial services firms say that their industry is now riskier or just as risky as it was in 2007, according to the “2013 Makovsky Wall Street Reputation Study,” which was conducted by Echo Research.