An economically viable model for insurers to demutualize
Article Abstract:
Mutual insurers in search of additional capital to expand into new businesses should consider demutualization as a means of entering the market, despite the complicated regulatory process. Regulations governing demutualization have viewed policyholders as owners of the insurer, but policyholders have only the right to enforce the details of their own policy. Other regulations specify that no one can own more than 5% of the shares for five years after the conversion is made. All policyholders must be notified of the conversion by the insurer as soon as the plan is approved by state regulators.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1995
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The price of regulation: Japan's huge insurance market has long remained closed to outsiders but at a high cost
Article Abstract:
Japan's tight regulatory policies have put off foreign entries into the Japanese market. License applications are tightly screened and premium levels, new products and distribution channels are controlled to protect policyholders from company insolvency due to market overcrowding. However, the Japanese government have agreed to allow US trade negotiators to implement variable rating for the automobile line and restrictions on personal lines for new nonlife companies. A modified form of free pricing and deregulation will be effected gradually.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1997
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India, Costa Rica and Brazil move toward privatization
Article Abstract:
Brazil, Costa Rica, and India are taking steps towards deregulating their monopolistic state-owned insurance industries. In India, life and nonlife reinsurance is already available from European reinsurers, and US reinsurers could negotiate with current regulators to enter the market. Costa Rica is planning to make its Instituto National de Seguros more competitive. Brazil is gradually making progress towards increasing the opportunity for competition in the insurance business within the country.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1996
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- Abstracts: The price of regulation: Japan's huge insurance market has long remained closed to outsiders but at a high cost
- Abstracts: Image problems affect both sides of industry; negative aspects of managed care are spilling over to property/casualty as both sides battle the public's perception of insurance as one world
- Abstracts: Variable universal life variable life: cost of insurance. Flexible premium retirement annuity histories
- Abstracts: Having it both ways: looking to broaden their financial options, mutual insurance companies are increasingly considering the mutual holding company option
- Abstracts: A year of modest premium growth: competition in the property/casualty market held 1996 premium growth to 3.6%