Market conduct emerges as rating issue

Article Abstract:

Market conduct has emerged as a broad problem within the insurance industry, and insurers will need to face the problem or overall business will suffer as a result. Insurers must make changes to monitor their sales policies carefully to guard against misleading sales pitches or other problems that could create legal or marketing problems. Insurers must take responsibility for their products and personnel, and must create an environment where ethical guidelines are taken seriously by all product distributors.

Management, Marketing, Business ethics

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Risk-based capital: is your company ready?

Article Abstract:

A 1990 report by John D. Dingell stated that insurance companies' capital requirements should be related to insurance risk, investment risk and current operations. This would make solvency regulation more effective. A risk-based capital (RBC) model could help firms and regulators to detect weakly capitalized situations. The Industry Advisory Committee realizes that the potential for misrepresentation and abuse of the RBC model exists.

Models, Finance, Capital assets

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Insurers won't succeed doing business as usual

Article Abstract:

The insurance industry will be faced with three major challenges in 1996. These challenges will be financial services reform, strategic management and distribution/market conduct. It will be necessary for insurance industry executives to understand the weak and strong points of their companies and to establish partnerships, mergers or acquisitions to highlight them.

Forecasts and trends, Cover Story

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