Conning Research: Life Industry Faces Challenge of Implementing Upcoming Accounting and Regulatory Changes

Upcoming accounting and regulatory changes will present an operational risk and add to an already significant number of challenges the life insurance industry faces, according to a new study by Conning Research and Consulting. The U.S. and European Union accounting regimes are converging and moving to a principles-based structure. At the same time, insurance regulations -- including capital solvency testing -- are becoming more risk-focused and will include sophisticated stochastic modeling.

Conning Research: Life Industry Faces Challenge of Implementing Upcoming Accounting and Regulatory Changes
Source: PR Newswire