Annuity Suitability: Supervision and Reporting

March 22, 2016

Slides | Webinar

Faculty:
Doug Ommen - Iowa Insurance Division
Alex Holloman - Athene
Jackie Ward - American Equity

Participants in the webinar will gain insight into regulatory expectations for information sharing among insurers and Third Party Distributors (TPD) and what makes an exemplary suitability report to senior management.  Participants will also learn how some of their life insurance company peers are addressing supervision of TPDs and keeping senior management informed about key aspects of their annuity suitability system.

Iowa has been a leader in developing the suitability standards and shaping annuity marketplace practices so we are pleased to have Doug Ommen, Deputy Commissioner of the Iowa Insurance Division joining us for the webinar.

Intended Audience:
CEFLI member life insurance company professionals in the compliance, legal, risk management, government relations, ethics and related business areas impacted by these compliance-related topics.

You can expect some of the discussion to cover topics such as:

  • Highlights of Iowa’s review of insurer reports to senior management.
  • Are you getting enough suitability information to monitor TPDs?  Are you giving TPD’s the information they need to maintain their system of supervision?
  • Going beyond the numbers to report on the effectiveness of critical internal company processes supporting compliance with annuity suitability regulations.