A brave new world for insurance companies
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A brave new world for insurance companies
Federal oversight and banking regulation - two generational changes to consider
The potential for federal regulatory oversight of insurers requires immediate attention to both how organizations think about regulatory compliance and how they should implement and execute a compliance strategy to address new expectations. Companies should expect a call for greater transparency into their operations and governance, and more complex institutions in particular will likely be subject to greater consolidated oversight. Preparing for these changes will require a shift in mindset and a substantial planning and execution effort.
The attached report provides:
- PwC's point of view on how the impending change in the regulatory landscape will impact insurance companies.
- A framework for response to potential new regulations and comprehensive approaches companies should consider.