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Forward Look: Top Regulatory Trends for 2014 in Insurance


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Insurance Outlook

The regulatory landscape for insurance companies is expected to be increasingly challenging and uncertain in 2014. Insurance companies are likely to face more rules and requirements that could significantly impact their business. Meanwhile, regulators are ramping up their compliance, oversight, and enforcement activities. In this dynamic environment, insurance companies must invest significant time, resources, and effort to achieve compliance — even as certain parts of the regulatory environment continue to unfold. This white paper explores eleven important insurance regulatory trends for 2014, including:

  • Heightened enforcement standards
  • Own risk and solvency assessment
  • Corporate governance
  • Use of captives
  • Principle-based reserving (PBR)
  • The Federal Insurance Office (FIO) may be emerging as a quasi-regulator
  • Changes in life insurance regulations
  • Non-bank Systemically Important Financial Institutions (SIFIs)
  • Thrifts subject to supervision by the Fed
  • Convergence of U.S. and international regulatory principles
  • Expectations that go beyond policy contracts

As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

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