Corporate Governance Under some permanent insurance, contracts being sold today, the chances are you could stop paying after 7, 8, or 9 years and the insurance would remain in force for the rest of your life without further premium payments. (p6069) — Robert Beck (Prudential CEO) 1985 0719 and 0722 – GOV (House) – Comprehensive…

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IAIS – Consultations iaisweb.org/consultations/ iaisweb.org/consultations/closed-consultations/ 2014 – IAIS – Approaches to Conduct of Business Supervision 2014 – IAIS – Basic Capital Requirements for Global Systemically Important Insurers 2014 – IAIS – Risk-based Global Insurance Capital Standard 2015 – IAIS – Risk-based Global Insurance Capital Standard American Academy of Actuaries  2016 – IAIS – Risk-based Global…

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IAIS – Universal Life Insurance The mismatch between the cash flows from assets and liabilities for traditional products like universal life or fixed annuities is due mostly to interest rate risk. (p18) 2018 – IAIS – [GIMAR] Global Insurance Market Report – 72p iaisweb.org/icp-online-tool/13526-icp-15-investments/ – 15.3.4 Nevertheless, close matching of assets and liabilities is often…

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Activities Based Approach FSOC, Woodall, MetLife, Congress 44. If the public becomes concerned about the viability of a particular business model or widely-held asset class, insurers could collectively be forced to liquidate assets in a stressed environment to meet the resulting withdrawals, termination of short-term funding arrangements or collateral/margin calls. 2017 1208 – IAIS -…

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AAA to IAIS actuary.org/search/content?keys=iais 2015 0206 – AAA to IAIS – RE: Risk-based Global Insurance Capital Standard Public Consultation Document (Dec. 17, 2014), , American Academy of Actuaries – 20p 2015 0501 – AAA to IAIS – Committee Comments To IAIS On Conduct Of Business Risk Draft Paper, American Academy of Actuaries – 4p (p3)…

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IAIS – Documents home.treasury.gov/system/files/311/2018_IAIS_Transparency_Report.pdf sullcrom.com/siteFiles/Publications/SC_Publication_IAIS_Global_Insurance_Capital_Standard.pdf federalregister.gov/documents/2020/10/09/2020-22384/federal-insurance-office-study-on-the-insurance-capital-standard acli.com/public-policy/capital-standards actuaries.org/iaa/IAA/Publications/Public_Statements/IAA/Publications/Formal_Public_Statements.aspx?hkey=a1039f56-c6f5-409a-9ab9-fb78c6d52a1d 2022 09 – IAIS – The role of insurance supervisors in multi-stakeholder approaches to address pandemic protection gaps – 24p This note is prepared jointly by staff members of the International Association of Insurance Supervisors (IAIS) and the Access to Insurance Initiative (A2ii). The views expressed in the…

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NTNI – Nontraditional and Non-insurance Non-Traditional “Non-traditional Non-insurance Activities and Products” Non-traditional Non-insurance Activities and Products Public Consultation – Consultation: comments due by 25 January 2016 admin.iaisweb.org/index.cfm?event=showPage&nodeId=57972&edit=true#_ftnref1 IAIS 1. MetLife does not engage in non-traditional non-insurance activities that create any appreciable systemic risk. 2014 0730 – Letter – Benjamin Lawsky (New York Superintendent of Financial Services)…

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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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ICP 19 – Conduct of Business (COB) – IAIS iaisweb.org///icp-19 iaisweb.org/activities-topics/conduct-and-culture/ 2022 06 – IAIS – Supervisors’ use of key indicators to assess insurer conduct – 22p ….in the United States, the term “market conduct” instead of “conduct of business” is more widely used. 2015 0501 – AAA to IAIS – Committee Comments To IAIS On…

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