A study released by the American Council of Life Insurers (ACLI) and CSC found a clear economic case for structural changes in insurance regulation that will benefit both consumers and life insurers.
The findings for the 18-month study, Economic Impact of an Optional Federal Charter on the Life Insurance Industry, are based on responses to questions about regulatory costs provided by insurers representing more than 41 percent of the U.S. life insurance market.
“This report reveals important new information and, like ACLI, we believe it will contribute significantly to the debate on modernizing insurance regulation,” said Michael W. Risley, president of the Life and Annuity division of CSC’s Financial Services Group.
News Release
New Study Finds Significant Cost Savings Under Optional Federal Charter for Life Insurance Proposal
Read a news release that discusses the economic impact of the current regulatory structure and the potential benefits of an optional federal charter.
ACLI/CSC Report
Economic Impact of an Optional Federal Charter on the Life Insurance Industry
Download a copy of the ACLI/CSC report, compiled over 18 months from interviews and surveys of more than 100 U.S. life insurance companies.