|[July 11, 2014]
A.M. BestTV: Global Regulators Update Capital Plan; Life Sales Sag
OLDWICK, N.J. --(Business Wire)--
In this episode of A.M.BestTV, the International Association
of Insurance Supervisors (IAIS) draws criticism after seeking an August
2014 deadline for comment on their updated capital requirements plan.
Kurt Karl, chief economist of Swiss Reinsurance Company Limited
(Swiss Re), details the state of world insurance growth. InsurBanc's
President and CEO, David Tralka, outlines the coming wave of Baby Boomer
led agency sales.
The insurance industry is expressing concern about an updated draft
introduced by the IAIS of proposed basic capital requirements regulation
providing greater detail on how calculations would be made. Michelle
Rogers, director of financial and regulatory policy for the National
Association of Mutual Insurance Companies, said the timeline is a
concern since the comment period is limited to August 8, and this quick
turnaround could cause problems.
According to Swiss Re's Karl, insurance growth slowed in 2013 due to
regulatory shifts in Europe, India and China. However, he believes that
we could see stronger growth as economic conditions improve.
"An ongoing challenge," is how InsurBanc's Tralka describes how agency
principals should proceed regarding Baby Boomer led agencies. He said
agency principals are trying to figure out what to do since the
population of agency principals continues to get older.
Click on http://www.ambest.com/vasp?v=news71114
to view this episode.
Recent episodes of A.M.BestTV include:
First Monday: Leading Analysts, Key Topics: This "First Monday"
looks at a sharp decline in U.S. property/casualty impairments;
insurance market development in the Association of Southeast Asian
Nations region and China's approaching solvency system overhaul: http://www.ambest.com/v.asp?v=firstmonday714
Global Investment Strategists Cautiously Optimistic for Second Half
of 2014: Experts at Prudential Financial Inc.'s mid-year
economic outlook media briefing in New York address how economic
improvements and growth from emerging markets are expected to lift
overall results for 2014: http://www.ambest.com/v.asp?v=prudential714
Advances in Patient Safety Shape Medical Liability Coverage:
Experts in patient safety say insurers and the medical profession are
to bring better standards and new practices to lessening the risk of
medical error: http://www.ambest.com/v.asp?v=patient614
A.M.BestTV covers exclusive A.M. Best information and
reports, targeted topics and key developments in the (re)insurance
industry every Monday, Wednesday and Friday. Sign up for alerts of
episodes at http://www.ambest.com/multimedia/ambtvsignup.html.
View A.M.BestTV episodes at www.ambest.tv.
A.M. Best Company is the world's oldest and most authoritative
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