Number: RS21828
Title: Insurance Regulation: International Developments
Authors: Carolyn Cobb, Government and Finance Division 
Abstract: Events and entities outside the United States are affecting or may affect the competitive position of U.S. insurers, in two ways. First, supranational organizations are developing international standards for insurance accounting and for aspects of supervision, such as reinsurance supervision: Second, U S. insurers are operating under a much more fragmented regulatory regime than their competitors in other countries, such as the U.K., that are consolidating and modernizing their supervision. International standards and regulatory competition are important parameters on the U.S. industry's access to capital and therefore on its ability to provide innovative and traditional risk financing in the United States.
Pages: 2
Date: April 28, 2004