Most North American life insurance chief financial officers are concerned about new principle-based statutory regulations, both in terms of their readiness and the impact on the regulations on the competitive landscape.
Towers Watson (NYSE, NASDAQ: TW), New York, published this finding in a summary of results from a survey of 25 CFOs The respondents are primarily CFOs from large and midsize life insurance companies in North America; 46% of the companies have assets of $5 billion or more, and 20% are multinationals.