OLDWICK, N.J.--(BUSINESS WIRE)--
In this episode of A.M.BestTV, U.S. and international regulators gather in Washington at the National Association of Insurance Commissioners’ Annual International Insurance Forum to discuss corporate governance, supervisory colleges and efforts to implement global capital standards on systemically important insurers. Lutz Oehlenberg, senior director, Germany Federal Financial Supervisory Authority, said regulators throughout the world are laboring to “have joint inspections, and to have a risk profile that is accepted by the whole supervisory college.” Plans by the International Association of Insurance Supervisors to develop a global insurance capital standard have drawn a mixed response. Michael Consedine, commissioner of the Pennsylvania Insurance Department said, “We continue to really struggle with ‘what’s the problem we’re trying to solve’ with these heightened capital standards, and if we do move forward with these standards, insuring that they are appropriately tailored to the insurance industry, which is vastly different than banking.” Click on http://www.ambest.com/v.asp?v=naic514 to view the episode.
Full-length interviews also are available:
- Kathryn Belfi, Director, Financial Regulation for the Connecticut Department of Insurance: http://www.ambest.com/v.asp?v=belfi514
- Michael Consedine, Commissioner, Pennsylvania Insurance Department:
- Lutz Oehlenberg, Senior Director, Germany Federal Financial Supervisory Authority: http://www.ambest.com/v.asp?v=oehlenberg514
Recent episodes of A.M.BestTV include:
- ‘Grey Swans’ Emerge in Insurance Risk Analysis: Insurance observers report that so-called black swan events are turning grey as they are happening more frequently and the risks need to be better recognized and managed: http://www.ambest.com/v.asp?v=greyswans514
- Medical Professional Liability Strong But Long-Term Caution Emerges: A panel of insurers and industry experts review state of the U.S. medical professional liability insurance, including underwriting results, trends, tort issues and what key factors could indicate change ahead: http://www.ambest.com/v.asp?v=mpli514
- FSOC Report Highlights Life Concerns; Global Risk Roundup: A new report from the Financial Stability Oversight Council focuses on life insurers' use of captives and on investment strategies. Also, recent risks affecting the global insurance industry: http://www.ambest.com/v.asp?v=fsoc514
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 insurance rating and information source. For more information, visit www.ambest.com.
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Lee McDonald, 908-439-2200, ext. 5561
Group Vice President, Publication and News Services