Boarding the IMSA train

Article Abstract:

Membership in the Insurance Marketplace Standards Assn (IMSA) has brought several advantages on insurers. They were able to save substantial amounts of time and money. Companies that sell individual life insurance policies and annuities are qualified to join IMSA. Members however, are required to comply with IMSA's established set of Principles of Ethical Market Conduct and accompanying Code of Life Insurance Ethical Market Conduct. To meet this standards, companies are asked to assess their existing practices and formulate new procedures that will fit with the principles and the code.

Associations, Insurance Marketplace Standards Association

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The state(s) of the alternative markets

Article Abstract:

Several states are passing laws designed to attract captive insurance companies. New York and Maine, for example, introduced legislation creating a separate regulatory framework for captive insurers. Hawaii, meanwhile, is emerging as the most friendly alternative market next to Vermont. The number of captive insurance companies in Hawaii has increased due to the state's affordable capitalization requirements, visibility within the industry, proximity to the West Coast and a solid infrastructure. The captive insurance industry has brought economic benefits to these states.

Laws, regulations and rules, Captive insurance companies

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Life reinsurers step forward

Article Abstract:

Life reinsurers have benefitted greatly from the entry of banks and financial service companies into insurance selling. Life reinsurers have assumed new roles in the insurance industry and have influenced the development and pricing of policies by insurers. They have also influenced the way insurers acquire business from other insurers. Some life reinsurers are also offering term life insurance underwriting services to banks and financial providers to sell and risk management and claims administration services after insurance sales.

Reinsurance, Reinsurance Carriers, International aspects, Statistics, Health insurance industry

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