BTG Compliance

News

Survey: Insurers’ Regulatory Change Management Falling Short

By Carrie Burns

Many compliance executives working in the U.S. insurance space admit to a lack of consistent structure, lack of institutionalized processes for sharing regulatory information and disjointed use of technology.

Actuaries Examine the Impact of Health Care Reform on P&C Insurers

By Justin Stephani

Workers’ compensation and medical malpractice among lines most likely affected; impact likely to differ by state.

Assurant, Blue Cross Blue Shield of Texas and Humana to Participate in InsureXSolutions

By Carrie Burns

The three insurers join Aetna and Blue Cross and Blue Shield of Illinois in offering products through the private insurance exchange.

Most P&C CFOs See Strategic Value in ORSA

By Carrie Burns

With Own Risk and Solvency Assessment regulatory requirements approaching, P&C insurers believe the process will improve the link between their company’s enterprise risk management efforts and capital and strategic planning, according to a new Towers Watson survey.

4 Tech Trends Pushed by ACT, AUGIE in 2013

By Justin Stephani

Making agents’ lives easier with these technology advances should be on every insurer's to-do list this year, according to IIABA’s Agents Council for Technology and ACORD’s User Group Information Exchange.

PCI, IAIS Discuss Rules for Global Systemically Important Insurers

By Justin Stephani

The clarification of certain rules, as well as information security, were among the topics discussed in two meetings this week.

UK Car Insurance Prices Plunge

By Justin Stephani

Young drivers see particularly sharp cuts as prices take the biggest hit in more than 5 years.

European Insurers Struggle with Solvency’s Data Management Standards

By Justin Stephani

While the majority of insurers plan to be ready by the proposed 2015 deadline, many still have to address their IT practices.

ORSA Summary Report Crash Course

By Justin Stephani

With 2015 deadlines approaching, the NAIC recently conducted a pilot program with 13 insurers and shared some guidelines and best practices.

United Insurance Holdings Corp. Names B. Bradford Martz CFO

By Carrie Burns

Martz will be responsible for planning, reporting and internal control functions and general corporate finance activities.

AIA Asserts Agenda Heading into NAIC Meeting

By Justin Stephani

International regulatory measures, including Solvency equivalency, highlight the AIA’s talking points heading into the weekend.

The State of Scanning

By Carrie Burns

Insurance is among the industries found to have significant scanning requirements due to a continued reliance on paper, according to a recent survey.

United Guaranty, Genworth Under CFPB’s Civil Investigative Demand

By Carrie Burns

Insurers’ recent SEC filings indicate the Consumer Financial Protection Bureau is continuing its investigation into whether mortgage insurers are complying with federal real-estate law.

U.S. Groups Operating Overseas Could Become Subject to Foreign Regulations

By Justin Stephani

At an upcoming FACI meeting, international regulatory rules, including ComFrame, are expected to be the main topic of discussion.

Europe’s Solvency II Set to Impact American Insurers with offices abroad

By Juliette Fairley

About 68 percent of European life insurers polled in a new survey have a positive outlook for their businesses in spite of ongoing market turbulence.