Tag: eu insurance industry

Insurance industry report finally delivered by the Federal Insurance Office

Logan B.
Insurance Industry

Federal Insurance Office released long-awaited insurance industry report The U.S. Department of the Treasury‘s Federal Insurance Office has released a highly anticipated report concerning the insurance industry. The report was initially scheduled for release in January of 2012, but this release was delayed in order for the Federal Insurance Office to take better account of emerging trends in the insurance industry and provide better insight on how the industry has evolved over a relatively short period of time. The agency is tasked with providing these types of reports on an…

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Insurance industry watchdog prepares European insurers for new risk rules

H. Cutner
EU insurance watchdog industry

The group has taken action to get companies and regulators ready for broad scale changes. This week, the European Union’s insurance industry watchdog took considerable action to begin the preparations of insurers as well as national regulators, for the implementation of new regulations that will lead to widespread changes to their risk and capital management. The EIOPA issued a draft of the guidelines that it is recommending for a number of insurer functions. The European Insurance and Occupational Pensions Authority (EIOPA) released its guidelines draft for the insurance industry, which…

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Insurance news in the E.U. shows consumers preparing for G-Day

Julie Campbell
Insurance News Profits

Starting in December, the massive upheaval in premiums will kick in as gender is no longer a coverage factor. The insurance news that will rock the European Union next month will explode as policyholders open their bills and discover that the premiums that they had previously been quoted will experience a notable difference. A European Court of Justice ruling has said that gender cannot be used to calculate premiums. This means that insurers will no longer be able to take into account whether a customer is a man or woman…

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Euro crisis may be worse than the economic recession of 2008, say insurers

S.Vagus

The European financial crisis is showing no sign of slowing down as the European Union continues to look for ways to stop what may soon become the world’s most catastrophic financial calamity. EU regulators have turned to the insurance industry to help find a solution to the crisis, but insurers have been leery of lending any aid, as the countries involved in the crisis are exposed to massive risk. The European Insurance and Occupational Pension Authority has released a statement regarding the crisis, calling it worse than the economic disaster…

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