Opinion


LEADING FROM THE FRONT


Reinsurance regulatory modernisation is essential, and the US should step up to the plate, says Tracey Laws, senior vice president and general counsel of the Reinsurance Association of America.


T


he need to modernise reinsurance regulation around the world is more important than ever, and as the world’s largest 


In November 2011, the National Association of Insurance


Commissioners (NAIC) took an important step when it approved changes  grant the insurance commissioner discretion to allow an insurer to take 100      


Since 2011, 25 states have passed some version of the revised credit


for reinsurance models: Alabama, California, Colorado, Connecticut,     


 


   


          


      


         


“A Covered Agreement could address regulatory issues such as group


supervision, reinsurance and collateral, thereby establishing the terms under which EU re/insurers can participate in the US market.”


The federal government has indicated its intention to move forward on a


           


A Covered Agreement could accomplish a uniform result where the state-    


           amicus curiae briefs,  


Spring 2015 | INTELLIGENT INSURER | 17


SHUTTERSTOCK / YANLEV


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60