By The Letters: Multiple Insurance Regulators

As the regulators and other entities influencing the regulations of U.S. insurance companies have multiplied around the world, it’s become harder to keep track of them.

Andy N. Mais and David S. Sherwood of Deloitte, two of the authors of a related article “Strategies for Coping With a Tsunami of Regulations,” provided a list of all the acronyms and what they mean in a white paper published for the Deloitte Center for Regulatory Strategies last year.

The chart is republished with permission below:

Chart republished with permission from Deloitte's report, — Chart republished with permission from Deloitte’s report, “Insurance regulation without boundaries: How to plan at home for change from abroad.”

The white paper, which also describes proposed carrier frameworks to deal with ongoing regulatory changes, is titled “Insurance regulation without boundaries: How to plan at home for change from abroad.” It is available in the insurance section of Deloitte’s website.

The third author of the accompanying Carrier Management article on carrier coping strategies, Howard Mills, Global Insurance Regulatory Leader at Deloitte Services LP and a former Superintendent of the New York Insurance Department, is a regular contributor to Carrier Management. He spoke to us about changing regulations during an interview at the Property/Casualty Insurance Joint Industry Forum in January.

Video excerpts of the interview are available on Insurance Journal TV at these links: