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A look at the impact and insurance regulatory challenges of InsurTech innovations, AI, machine learning, blockchain, and smart contracts

USA - March 18 2019 The last several years have seen a new crop of digital products and services enter the lexicon of the insurance industry such as: usage-based...


NAIC forms working group to explore alternative restructuring mechanisms for insurers seeking to transfer blocks of business

USA - February 20 2019 On 19 February 2019, the NAIC Financial Condition (E) Committee voted to form a Restructuring Mechanisms Working Group (the "Restructuring Working...


Federal Reserve previews forthcoming insurance capital rules

USA - January 11 2019 In prepared remarks before the American Council of Life Insurer's Executive Roundtable (Naples, Florida, 9 January 2019), Federal Reserve Board (FRB)...


NAIC Developing Best Practices for Regulatory Review of Predictive Models and Analytics in Rate Filings

USA - October 16 2018 As computing power grows exponentially, it has opened the actuarial modeling world to new and sophisticated forms of data collection and analysis...


Game changer: Oklahoma’s new insurance business transfer law could set precedent for other states

USA - May 22 2018 On 7 May 2018, Oklahoma Governor Mary Fallin signed into law the Insurance Business Transfer Act that, effective 1 November 2018, will allow an...