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31-45 of 91 results
New York DFS fines AXA Equitable $20m for violations on annuity products
Department of Financial Services (DFS) has fined AXA Equitable a $20m for violating Insurance Law related to variable annuity products.
Regulatory & Risk > News
NAIC urges U.S. insurance regulatory input to FSB process
By IBR Staff Writer
In a letter to U.S. members of the Steering Committee of the Financial Stability Board (FSB), the National Association of Insurance Commissioners (NAIC) requested support for strengthening U.S. participation on the board by allowing regulatory input and expertise in discussions that impact U.S. insurance markets and policyholders.
Regulatory & Risk > News
IRDA orders SBI Life Insurance to repay $45m to policy holders
Insurance Regulatory and Development Authority (IRDA) of India has ordered SBI Life Insurance Company to refund nearly INR2.75bn ($45m) to policy holders.
Regulatory & Risk > News
Insurance Services Provider REG (UK) selects DataArt for regulatory compliance platform
By IBR Staff Writer
DataArt, a custom software development partner for the financial services and other industries, has announced it has completed the development of Regulatory Efficiency Gains ("REG")'s digital platform.
Regulatory & Risk > News
FSA to ban subcontractor insurance sales in Japan
By IBR Staff Writer
Financial Services Agency (FSA), a Japanese government organization responsible for the regulation of the financial services industry, is planning to issue a ban on insurance agencies from allowing subcontractors to sell insurance products.
Regulatory & Risk > News
FSA increases customer protection in packaged account market in UK
By Abdulhameed Bukhamsin
The Financial Services Authority (FSA) of UK has proposed new rules to make sure banks and building societies check customers are eligible to claim on insurance cover before selling them a packaged bank account.
Regulatory & Risk > News
UK FSA received £215m in redress in first half of 2011
The UK’s Financial Services Authority (FSA) has reported that 16 firms, which represents 92% of payment protection insurance (PPI) complaints received, have paid a total of GBP215m in redress during the first half of 2011.
Regulatory & Risk > News
FSA fines GBP6.89m on Willis
By BBR Staff Writer
Financial Services Authority (FSA) of UK has fined GBP6.89m on insurance broker Willis for failings in its anti-bribery and corruption systems and controls.
Regulatory & Risk > News
Alterra Bermuda obtains NYID approval for reduced collateral
By IBR Staff Writer
Alterra Bermuda, part of Alterra Capital Holdings, has received approval from the State of New York Insurance Department (NYID) to qualify as an eligible reinsurer for reduced collateral status.
Regulatory & Risk > News
RFIB obtains regulatory approval to conduct business in Saudi Arabia
By IBR Staff Writer
RFIB Group, the Lloyd's insurance and reinsurance broker, has obtained approval from Saudi Arabian Monetary Agency to conduct insurance and reinsurance business in the country.
Regulatory & Risk > News
Chubb introduces new service to help businesses
By IBR Staff Writer
Chubb Group of Insurance Companies has launched a new service to help businesses mitigate the risk of a data breach and to respond quickly when one occurs.
Regulatory & Risk > News
Wolters Kluwer Financial launches new Solvency II offering for insurers
By IBR Staff Writer
Wolters Kluwer Financial Services has introduced a new Solvency II offering that will enable insurance institutions to fulfill all three pillars outlined in the Solvency II regulatory requirement.
Regulatory & Risk > News
Aegon repays final bailout amount to Dutch State
By IBR Staff Writer
Dutch insurer Aegon has paid EUR1.12bn to the state, completing the final repayment towards the bailout amount of EUR3bn it received from the state during the financial crisis in 2008.
Regulatory & Risk > News
Torus Insurance signs contract to license OSI's ProducerOne
By IBR Staff Writer
Bermuda-based Torus Insurance has signed a contract to license Outline Systems Inc's (OSI) producer management system, ProducerOne, to improve transparency and enhance agency-carrier relationships for efficient and flexible producer on-boarding process.
Regulatory & Risk > News
Starr International receives China's approval as investor of Dazhong Insurance
By IBR Staff Writer
Starr International, a private insurance holding company, has been approved by the China Insurance Regulatory Commission(CIRC) as a strategic equity investor of Dazhong Insurance Company of China.
Regulatory & Risk > News
31-45 of 91 results