Keep pace with regulatory changes
There have been substantial updates and new provisions enacted that impact the insurance industry globally. For example, life insurers now face new reporting obligations on policy sales for both the purchaser and the issuing company, while property-casualty and health insurance companies have new regulations around loss reserve discounting and the proration of certain types of investment income. These are just two of the many examples of changes to international tax rules with the potential to disrupt global operations for multinational insurance companies. Staying informed about regulatory changes has never been more important.