On January 14, 2005, general insurance came under the regulatory remit of the Financial Services Authority. The Association of British Insurers commissioned CRA International to undertake a quantification of the consumer benefits of the impact of this regulation as implemented through the Insurance Conduct of Business rules. Examining motor insurance, critical illness cover, and payment protection insurance, the report uses innovative techniques to demonstrate the market impact on consumers.
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,...