Getting into management's head

Article Abstract:

The National Assn of Insurance Commissioners has issued a new regulation that requires insurance companies to issue the Management's Discussion and Analysis in addition to their annual financial statements. This supplementary report should include information on cash flow, liquidity, operating results, financial position for the preceding two years and changes in capital and surplus accounts. The regulation is based on a similar 1980 regulation established by the Securities and Exchange Commission.

Laws, regulations and rules, Financial statements, National Association of Insurance Commissioners

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Milan

Article Abstract:

New government policies in Italy will dramatically change the automobile and life insurance industries there. The automobile insurance business is being deregulated and premiums are being allowed to rise. This will force many companies to reorganize and increase capital. In life insurance, banks are being allowed to enter the market, while mutual fund companies have been selling deferred annuities for some time. Other various news about the Italian insurance industry is presented.

Italy

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Zurich

Article Abstract:

Switzerland seemed to suffer the combination of economic downturn and inflation called 'stagflation' in 1991. The inflation rate for the year was 6.6%, which was second highest among 10 major industrial countries. Also, a tight money policy started by the Swiss National Bank in 1989 caused the Swiss economic growth rate to fall to -0.5% at the end of the second quarter of 1991. Other various news about the Swiss insurance industry is presented.

Economic aspects, Switzerland, Recessions, Omni Holding AG

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