The Global Federation of Insurance Associations (GFIA) recently held its general assembly in Cape Town, South Africa, where it appointed Stephen Frank as its new president. Frank, who has over 20 years of experience in the financial services sector and has been the CEO of the Canadian Life and
The Medicare annual enrollment period (AEP) is a critical time for insurance organizations, as millions of beneficiaries seek the best Medicare Advantage plans to suit their needs. With the number of enrollees increasing each year, the pressure on insurance companies to manage this influx
The Prudential Regulation Authority (PRA) has proposed new regulations requiring large British life insurers to report their liquidity positions daily during market crises. This move comes in response to the information gaps identified during financial turmoil triggered by the global COVID-19
The Federal Trade Commission (FTC) has recently taken significant actions against data brokers Mobilewalla and Gravy Analytics for unlawfully tracking and selling consumer data without their consent. These actions underscore the FTC's commitment to protecting consumer privacy and preventing
Affluent households, particularly those with assets ranging from $500,000 to $5 million, face a unique set of risks and concerns. The 2024 Wealth Report by Chubb highlights three primary areas of concern: climate change, cyber risks, and the protection of high-value collectibles. These issues are
The recent regulatory roundup highlights various state-level legislative and compliance actions within the insurance sector across the United States, emphasizing insurance fraud, new regulatory initiatives, and significant compliance-related fines. This comprehensive summary aims to outline the key
