Regulation
The legal and regulatory environment for insurers, intermediaries and insurance capital providers is critical to the development (or not) of insurance markets. Insurance regulations must safeguard the financial integrity of insurers, ensure proper consumer protection, and allow the industry to operate efficiently and with sufficient flexibility to meet ever changing risks, consumer demands, technological developments, and other market forces. Striking the right balance between these competing goals is difficult. It requires constant evaluation and evolution of relevant legal and regulatory standards. IIS Insights on regulation will spotlight important current regulatory developments and will seek to stimulate a discussion regarding the best regulatory and industry responses to these developments.
The legal and regulatory environment for insurers, intermediaries and insurance capital providers is critical to the development (or not) of insurance markets. Insurance regulations must safeguard the financial integrity of insurers, ensure proper consumer protection, and allow the industry to operate efficiently and with sufficient flexibility to meet ever changing risks, consumer demands, technological developments, and other market forces. Striking the right balance between these competing goals is difficult. It requires constant evaluation and evolution of relevant legal and regulatory standards. IIS Insights on regulation will spotlight important current regulatory developments and will seek to stimulate a discussion regarding the best regulatory and industry responses to these developments.
William Marcoux
Bill is an advisor to senior insurance executives, board members and other insurance industry stakeholders. He has 40 years of experience working in the insurance sector, most recently as the global head of DLA Piper’s Corporate Insurance Practice and previously as co-head of the insurance sector practice at Dewey & LeBoeuf.
Bill has broad international and US experience. He spent more than a decade based in London as head of Dewey’s insurance practice and during this time also served as the managing partner of the firm’s Hong Kong and Paris offices. He has assisted clients with strategic plans, corporate restructurings, capital raisings, M&A transactions, market access and significant regulatory issues.
Bill is a chair of the Insurance Development Forum’s Working Group on Law, Regulation and Resilience Policies and is a member of the IDF Operating Committee, he serves on the Advisory Committee to the Dean of Michigan Law School and on the Executive Council of the International Insurance Society.