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Fed hires ex-insurance commissioner as adviser
03 June 2014Tom Sullivan likely to have role on systemically important insurers
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NAIC calls for US to wield influence at FSB
14 March 2014National Association of Insurance Commissioners wants bolstered US participation
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Leonardi blasts "reckless" timetable for global capital standards
05 February 2014US House subcommittee grills Connecticut commissioner and FIO chief McRaith
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Solvency reform a priority for US regulators
20 December 2013US insurance supervision is inefficient and inconsistent, according to the Federal Insurance Office, which has made its long-awaited recommendations for reform. Among its prime targets are solvency regulation, reserving and treatment of captives. Christopher Cundy reports
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NAIC approves four countries for reduced reinsurer collateral
19 December 2013Conditional qualification for Bermuda, Germany, Switzerland and the UK
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NAIC has "serious concerns" over global insurer capital standard
10 October 2013Details of IAIS plan yet to emerge
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How to develop multi-year capital projections for the ORSA
29 August 2013Solvency II firms have a lot to do to develop their modelling capabilities into a multi-period capital projections. This is why Craig Turnbull and Andy Frepp recommend insurers invest in statistically robust multi-period capital proxy functions such as least-squares Monte Carlo
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FSB urges US to pursue federal regulation
28 August 2013State-based system leads to inconsistent supervision
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Phoenix breathes new life into its actuarial systems
03 July 2013The UK closed-fund consolidator has replaced its myriad modelling systems with just one, in a huge three-year project that is said to have been on time and on budget. For Phoenix, the project was not only operationally necessary; it was a strategic imperative. InsuranceERM explains
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US has more reservations about Solvency II than a year ago
21 June 2013The federal threat to the US system of state-based insurance supervision is waning, according to Jim Donelon and Ben Nelson, the president and CEO of the National Association of Insurance Commissioners, but international pressure for reform is an ever-present danger. In a Q&A with InsuranceERM, the new officials also discuss progress on reinsurance collateral, the ORSA and principles-based reserving