Archive for January 2021
Worldview – SB
Worldview – Sandbox https://www.mymoney.gov/researcher/Lists/Researchers/AllItems.aspx These products <Universal Life Insurance> arose from a significant rise in interest rates in the early 1980’s and a wave of consumer demand for products better meeting their needs. <p37> 2020, August – Financial Sector Assessment Program-Technical Note-Insurance Supervision and Regulation, by International Monetary Fund. Monetary and Capital Markets Department https://www.imf.org/en/Publications/CR/Issues/2020/08/07/United-States-Financial-Sector-Assessment-Program-Technical-Note-Insurance-Supervision-and-49653 MR…
Read MoreLicensing
Licensing Among the applications refused are those of a New York banker, a railroad conductor, a barber, a foot specialist, a physician , several lawyers, a clergyman – who naively says that while some policies were obtained by him last year “my name was not used ” – and another clergy man, whose authorization the…
Read MoreFACI – Federal Advisory Committee on Insurance
FACI – Federal Advisory Committee on Insurance home.treasury.gov////faci FSOC – Financial Stability Oversight Council FACI Members 2021 0210 – FACI International Subcommittee – Perspectives on the Request for Information (RFI) on a FIO Study of the ICS – February 10, 2021 – 22p 2016 0818 – FACI – Federal Advisory Committee on Insurance Impact of Low…
Read MoreCapital
Capital Capital – Index Capital Formation Capital Markets Capital Standards ICS – Insurance Capital Standards RBC – Risk Based Capital 1981 – SOA – Effective Use of Capital, rsa81v7n14, Society of Actuaries – 26p 1981 – SOA – Effective Use of Capital, rsa81v7n312, Society of Actuaries – 24p 1987 – SOA – Sources of Capital…
Read MoreCountry
Country Country – Index Australia Canada China European Union Ghana Japan New Zealand South Africa United Kingdom Egypt 1985 – AP – A NON-METRIC MULTIDIMENSIONAL SCALING ANALYSIS OF CUSTOMERS’ ATTITUDES TO LIFE INSURANCE: An Empirical Investigation of Insured vs. Non-insured Attitudes Towards Life Insurance Purchasing Decision Variables in Egypt, Galal Abd El-Haleem Harby – 331p
Read MoreWorldview
Worldview Bretton Woods Conference – Bretton Woods system – 1945-1971 led to the establishment of the IMF and the IBRD (International Bank for Reconstruction and Development) – (now the World Bank) bonknote.com/worldview-searches/ wikipedia.org/wiki/List_of_financial_regulatory_authorities_by_country wikipedia.org/wiki/European_Union%E2%80%93United_Kingdom_relations United States AICPA – CFTC – Commodity Futures Trading Commission cftc.gov/ Congress Courts DOT – Department of Treasury CFPB – Consumer Financial Protection Bureau consumerfinance.gov/ …
Read MoreALM – Asset Liability Matching
ALM – Asset Liability Matching Let me be elementary to begin. Asset/liability matching in its purest form likely means that we purchase assets such that whenever cash is needed to meet obligations, those assets will provide that cash. However, in the real world, we are going to be mismatched either because … we are not…
Read MoreInvestments
Investments Investments – Index Bonds Corporate Bonds Junk Bonds / High-Yield Bonds Municipal Bonds Private Placement Bonds Commercial Paper Company Investments Real Estate Securities Lending Derivatives Options Futures Swaps The subject of futures and options is very topical. Legislation and regulations enabling life insurers to begin using these instruments have been passed in several states…
Read MoreCompetition
Competition Today, life insurers compete directly with non-insurance financial services institutions, such as banks and mutual funds. (p12) — William B. Fisher, Vice President And Associate General Counsel, Massachusetts Mutual Life Insurance Company, On Behalf Of The American Council Of Life Insurers (ACLI) 2001 0621 – GOV (House) – Insurance Product Approval: The Need for…
Read MoreInterest Sensitive Life Insurance
Interest Sensitive Life Insurance 8. The growth of interest-sensitive insurance products, such as universal life, spurred by a period of high inflation and historically high interest rates. 1984-1, NAIC Proc. Other interest-sensitive policies include variable life, adjustable life and variable premium life. In variable life policies, the assets (typically equities) underlying the policies are held in…
Read More