Policy Drivers: Charting the New Course for U.S. Insurance Companies

This policy brief does not address the question of whether systemic designation and related regulation is the correct policy for U.S. insurance companies, nor does it discuss the types of rules that should or should not apply to U.S. insurance companies regardless of size or charter. Instead, it assesses current and prospective policy drivers – legislative, regulatory, and public-policy forces – to demonstrate their competitive impact and the emerging reconfiguration of financial services in the U.S., as well as resulting competitiveness and corporate-governance challenges. Winners and losers on both a line-of-business and franchise basis are defined based on Federal Financial Analytics’ proprietary advisory practice.