Search for: "Prudential Group Life Insurance" Results 1 - 20 of 209
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15 Apr 2024, 9:01 pm by renholding
While Custodia is subject to state prudential regulation, it is not FDIC-insured or subject to federal prudential regulation and does not have a holding company subject to Federal Reserve oversight. [read post]
APRA was also active in November, releasing quarterly reports on statistics on superannuation products and private health insurance, and publishing a number of amendments and proposed amendments to prudential standards, reporting standards and FAQs. [read post]
After graduating from Rutgers University, I worked as an account manager in group insurance at Prudential Financial for 9 years. [read post]
26 Jan 2024, 3:44 am by Clare Douglas and Matthew Foster
Those UK Solvency II firms that are a member of a Solvency II group will need to consider the implications and risks from group membership when preparing their SEA. [read post]
The new prudential standard commences on 1 July 2025 and applies to all APRA-regulated entities, encompassing banks, insurers (general, life and health) and registrable superannuation entity licensees. [read post]
25 Oct 2023, 9:01 pm by renholding
 The Barr Report concluded that SVB’s failure was primarily the result of mistakes made by SVB’s “senior management … to manage basic interest rate and liquidity risk” and the lack of effective oversight by SVB’s board of directors.6 A recent report by a group of bank regulatory experts at the Center for Financial Stability led by Sheila Bair (CFS Report), the Chair of the Federal Deposit Insurance Corporation (FDIC) during the 2008… [read post]
10 Oct 2023, 9:01 pm by renholding
While significantly bounded by disclosure and prudential regulations, this remains an animating feature and a significant part of the basic structure of free markets. [read post]
ASIC grants relief to insurers from certain transaction requirements On 9 June 2023 ASIC announced they would be granting relief to life and general insurers to provide modifications and exemptions from the confirmation of transaction requirements contained in section 1017F of the Corporations Act 2001. [read post]
Risk Margin Although the Government has announced proposals to reduce the risk margin by around 65% for long-term life insurance business and 30% for non-life business, CP12/23 does [read post]
The prudential regulator also released its quarterly suite of insurance and superannuation statistics, as well as published its report on trends in affordability and availability of insurance products. [read post]
31 May 2023, 1:44 pm by Kevin LaCroix
However, according to an article published by i-Brokers, Switzerland-based all-lines insurance provider AXA stated that they would accept Bitcoin as a payment option for its customers to pay premiums for all of their non-life products. [read post]
26 May 2023, 12:08 pm by Liberty Ritchie
(USA)13‐0213‐EXM In Re: Target Market Conduct Examination of Life Insurance Co. of the Southwest13‐0215‐EXM In Re: Target Market Conduct Examination of Loyal American Life Insurance Co.13‐0216‐EXM In Re: Target Market Conduct Examination of Massachusetts Mutual Life Insurance Co.13‐0217‐EXM In Re: Target Market Conduct Examination of Metropolitan Life Insurance… [read post]
Meanwhile, APRA provided a revised timeline on the implementation of new prudential standards in the banking, insurance and superannuation industries. [read post]
21 Mar 2023, 2:15 pm by Adam Levitin
But the combination of cravenly prudential regulation and functionally uncapped deposit insurance is really toxic. [read post]
28 Feb 2023, 6:38 am by Jennifer Danish
According to recent research published by Statista, Unum (along with Unum group companies including Paul Revere Life Insurance... [read post]
ASIC and APRA release joint letter on premium increases in the life insurance industry ASIC and APRA have responded to consumer complaints and reportable situations from insurers about premium increases in retail life insurance policies by issuing a joint letter to CEOs of all life insurance and friendly societies. [read post]
22 Jan 2023, 9:01 pm by renholding
At the state level, the New York Department of Financial Services issued final guidance on how New York domestic insurers should take a strategic approach to managing climate risks, which outlines, among other things, New York DFS’s specific expectations for insurers’ use of scenario analysis to monitor climate risks. [read post]