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February 8, 2016 in Carrier Management
Does Insurance Pose a Systemic Risk?
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"In the U.S., we can completely, credibly claim that our regulatory system has worked enormously well," Steven Weisbart, Senior Vice President and Chief Economist for the Insurance Information Institute told Carrier Management in an interview at the Property/Casualty Insurance Joint Industry Forum. Weisbart co-authored a white paper in late December with the data to back up his statement.
The white paper, "Global Insurance Capital Standards; Origin, Perspectives and Impact on U.S. Markets" is available on the I.I.I. website here.
