Pennsylvania Deputy Insurance

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  FACI: Its Flavor Is International, Its Focus Is on Domestic Regs

  By Elizabeth Festa  |  August 6, 2012

  The long-awaited modernization report is expected “in the near future,” according to Michael McRaith—perhaps this August recess?

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  IAIS Releases Internationally Active Insurer Criteria, Enterprise Risk Requirements

  By Elizabeth Festa  |  July 2, 2012

  The International Association of Insurance Supervisors today proposed a draft of the Common Framework for the Supervision of Internationally Active Insurance Groups, marking the completion of the second step in its three-year development phase.

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  Key NAIC Panel Approves ORSA, a Group Supervision Requirement of Solvency II

  By Arthur D. Postal, Elizabeth Festa  |  November 8, 2011

  Solvency Modernization gets on board with part of the international standards in insurance movement, although ORSA may not be fully implemented until Jan 2014, there is broad consensus that this will be a beneficial move for the industry.