The new accounting rules that come into effect on Jan. 1, 2021 will have an impact on the capital rules for life and P&C insurers
Proposal aims to “foster discussions between regulators, insurers and intermediaries on market conduct”
The Joint Forum of Financial Market Regulators discussed a variety of high-priority regulatory issues
New rules in Quebec would allow consumers to buy life insurance online
The association calls the current regulatory framework outdated and suggests licensed distribution firms are made responsible for overseeing advisors
The proposed changes are due mostly to the planned introduction of the Life Insurance Capital Adequacy Test for life insurers in 2018
The ICBC, AMF and ICS are considering key changes to supervisory and oversight rules, CE requirements, use of titles and licensing
Carriers had to provide a wide range of information on the business they conducted during the previous calendar year by May 1
Regulators are creating a risk-based capital standard for global insurers, but there’s no deadline for the adoption of a capital standard
Guideline takes effect on Jan. 1, 2016