Regulatory Standards, Insurance Regulations, Financial Services Industry

The Standard Formula: Encyclopaedia of Prudential Solvency – Chapter 1: The IAIS and the ICS

Skadden, Arps, Slate, Meagher & Flom LLP on 3/17/2025

Established in 1994, the International Association of Insurance Supervisors (IAIS) is a voluntary membership organisation comprising insurance regulatory authorities, central banks, ministries of finance, and other...more

Seniors in the Coming Year

Carlton Fields on 12/15/2020

Continued FINRA Focus - If regulatory developments in 2020 are any indication, FINRA’s efforts to protect senior customers from financial exploitation and vulnerability will continue in 2021 and beyond....more

NY DFS Regulations Allow Superintendent to be Group-Wide Supervisor

Herbert Smith Freehills Kramer on 6/5/2020

On June 3, amendments to New York insurance regulations, available here, became effective that will permit the New York Superintendent of Financial Services to act as group-wide supervisor of internationally active insurance...more

Peering Into Regulators' Views on Artificial Intelligence

Carlton Fields on 4/17/2020

The comments by regulators during the NAIC Artificial Intelligence (EX) Working Group (AI WG) calls provide insight into regulators' views on insurers' use of artificial intelligence and may foretell areas for future...more

Innovation Whack-a-Mole

Carlton Fields on 10/11/2019

Like a game of whack-a-mole, new or existing NAIC groups are being tasked to consider the various regulatory issues that are popping up from insurance innovation....more

NY Regulatory Guidance on AI Illustrates Compliance Challenges

Herbert Smith Freehills Kramer on 8/1/2019

The New York Department of Financial Services’ (DFS) January 2019 insurance circular letter, which advised New York-licensed life insurance carriers on the use of external consumer data and information sources in...more