Australia actuaries.asn.au/Library/Education/Research/Transactions/1991/tiaa1990.pdf AJAP – The Australian Journal of Actuarial Practice 2015 – AJAP, Australian Journal of Actuarial Practice, Volume 3 – 120p (p71-91) – Repercussions: The Impact of the AIG Bailout on it’s Insurance Subsidiaries by Shauna Ferris  APRA – Australian Prudential Regulation Authority Prudential  apra.gov.au ASIC – Australian Securities and Investments Commission Market Conduct  asic.gov.au/…

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UK – United Kingdom UK – Parliament which.co.uk – Consumers Association 2004 05 – Consumers Association to Parliament – [link] 38. Life insurance products are particularly problematic. HM Treasury gov.uk/government/organisations/hm-treasury 2023 – – Introducing an Insurer Resolution Regime: Government Response to Consultation gov.uk/government/consultations/insurer-resolution-regime-consultation 1981 12 – SOA – Universal Life in the U.K.?, by Seamus…

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WorldBank worldbank.org/en/home International Bank for Reconstruction and Development In contrast, many of the investment-oriented products marketed in the last decade have shorter duration and require greater liquidity than was needed in earlier … 1992 – World Bank – The Life Insurance Industry in the United States:  An Analysis of Economic and Regulatory Issues, Kenneth M. Wright – 54p…

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NAIC – IAIS International Insurance Relations (G) Committee – NAIC ComFrame Development and Analysis (G) Working Group – NAIC – (disbanded) 138. Some supervisors publish conduct-related information that can help to mitigate risks to consumers. Example from the United States: Consumer Information and Education The National Association of Insurance Commissioners (NAIC) provides a variety of…

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Fairness Now we want to make sure that the consumers are treated fairly and reasonably and have sufficient information upon which to make a decision.  (p318) —  James P. Corcoran. , Superintendent of Insurance, State of New York 1984 –  {April 11, May 3, 10, June 28, September 13} – GOV – Competition in the…

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Policyholder Behavior IAIS Question 83: NAIC Response: Lapse risk is an example of an overall important category of policyholder behavior, which is an important risk in a number of products such as universal life and variable annuities.  (p11) 2015 0213 – IAIS – IAIS Insurance Capital Standard Public Consultation Document – Final NAIC comments –…

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Policy Loans Loans LIRP – Life Insurance Retirement Plan Chris H. McElvaine: …I heard another policyholder at the annual meeting mention that he has taken advantage of his 6% policy loan provision. He has reinvested that money with the same company in an RRSP five-year interest certificate bearing a phenomenal rate of interest. Apparently he…

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VAR – Value at Risk Summary: Value-at-risk has received a great deal of attention in recent years as an effective risk management concept. This session examines the basics, including: What is it and how does it work? How much and how is it being used? What are the pros and cons relative to other risk…

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