CRA has published a report for the Financial Services Authority on commission disclosure in the UK commercial general insurance market. CRA was asked to examine the question of whether commission transparency (or lack thereof) within the commercial general insurance market leads to market failure and whether a mandatory commission disclosure regime (as opposed to the current “on request” disclosure) would generate benefits greater than the costs of intervention.
Pension risk transfer litigation: Current trends and economic issues
Introduction to pension risk transfer Defined benefit (DB) pension plans create liabilities that expose plan sponsors to risks such as longevity risk,...