1997: a year of profits, mergers and regulation tussles

Article Abstract:

The year 1997 saw a wave of mergers and acquisitions as well as contentious regulatory issues for the life and health insurance industry. It will also be remembered as the industry's most robust yet most turbulent year. Life and health insurance posted an almost double-digit gain in premium volume during the year's first half, as well as good capital gains that led to improvements in net income and capital and surplus. Ten key issues were highlighted during the year, including the financial services reform bill, the growth of demutualization, the Year 2000 date change problem and the remarkable turnaround of the once-beleaguered Lloyd's of London.

Insurance, Insurance Carriers and Related Activities, 1997 AD

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Getting into management's head

Article Abstract:

Under a new National Assn of Insurance Commissioners regulation, insurers are now required to provide narrative discussion of their financial performance in addition to their annual statement. This discussion must cover the insurer's financial condition for the past two years, and must explain any changes in line items, events that may have impacted financial results and significant changes in assets. The Securities and Exchange Commission has a similar requirement, but its rule requires greater emphasis on liquidity, capital resources and operating results.

Regulation misc. commercial sectors, Methods, Laws, regulations and rules, Reports, United States. Securities and Exchange Commission, Corporation reports, Company reports, National Association of Insurance Commissioners

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