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Marketing Insurance through Banks and Savings and Loans
Marketing Insurance through Banks and Savings and Loans A good example of that is the Lifetime Value Series, a family of products from Aetna that target the bank customer and are to be sold through the bank to facilitate the sale of life insurance by bank staff and bank representatives. — MARC G. VERRIER 1995…
Read MoreMark to Market Accounting
Mark to Market Accounting 2012 0105 – OFR – A Survey of Systemic Risk Analytics – 165p (p19) – Sapra (2008) considers issues arising from historical and mark-to-market accounting for both insurance companies and banks. 2008 – AP – Do accounting measurement regimes matter? A discussion of mark-to-market accounting and liquidity pricing,” by Haresh Sapra,…
Read MoreCapital Markets
Capital Markets H. CAPITAL MARKETS BUREAU The principal risk of capital markets activities within regulated entities is the potential for loss on investment instruments and investment portfolios that may materially affect capital adequacy. Managing this risk is the responsibility of the insurer’s board of directors and management. A key to the regulation of capital markets…
Read More2015 0929 – GOV (House) – The Impact of Domestic Regulatory Standards on the U.S. Insurance Market – Blaine Luetkemeyer (R-MO)
2015 0929 – GOV (House) – The Impact of Domestic Regulatory Standards on the U.S. Insurance Market 2015 0929 – GOV (House) – The Impact of Domestic Regulatory Standards on the U.S. Insurance Market, Blaine Luetkemeyer (R-MO) — [BonkNote] [PDF-152p, VIDEO-CSPAN] docs.house.gov/Committee/Calendar/ByEvent.aspx?EventID=104019 House – Finance – Subcommittee Housing, Community Development and Insurance AAA – American…
Read More1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p
1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary – 10p 1990-1A, NAIC Proceedings – NAIC / LIMRA – Universal Life Disclosure Form Focus Group Summary — [BonkNote] — 10p 1993 – NAIC – Policy Information for Applicant – Universal Life Policy – 3p Life Insurance Disclosure Model Regulation…
Read MoreMarketing
Marketing …a great deal of our problem is caused because the people out there marketing our life insurance products are trying to market it against and like mutual funds. Until we start to market it as life insurance and describe it and teach the consumers about life insurance, they’re not in any position to make…
Read MoreSpeed to Market
Speed to Market NAIC – Speed to Market Task Force GOV 2005-1, NAIC Proceedings – (2005 0315, p100) Individual Modified Single Premium Variable Life Policy Standards Individual Flexible Premium Variable Adjustable Life Policy Standards 2005-2, NAIC Proc. – (2005 0613) SPEED-TO-MARKET FILING TOOL SUGGESTION BOX Speed to market is the ability to bring products to…
Read MoreQ: What Policies lead to Lawsuits / Market conduct issues?
What Policies lead to Confusion / Market conduct issues / Lawsuits? More complex products sold to individual consumers (e.g., universal life policies) tend to generate more market conduct problems than simple products (e.g., term life insurance). 2003 0701 – NCOIL – The Path to Reform – The Evolution of Market Conduct Surveillance Regulation – [PDF-117p]…
Read MoreMarket Conduct
Market Conduct Market Conduct – Documents NAIC – Market Conduct The NAIC Examination (A6) Subcommittee, in 1974, recommended the establishment of a “separate and distinct” program of surveillance to ensure fair treatment of policyholders. Thus was “market conduct” born. The term “market conduct” has, however, fallen upon bad times. 1991-2A, NAIC Proceedings (p13) – Terri Vaughan (NAIC-CEO…
Read MoreMarket Failure
Market Failure Part 1 – 1979 02 – SOA – Permutations and Computation, EJM, Society of Actuaries – 3p The inability to evaluate policy performance in the normal course of owning the policy seems to be fundamental to any theory of informational market failure in this market. (p293) 1985 11 – FTC – Life Insurance…
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