FOR IMMEDIATE RELEASE
NAIC Hosts International Insurance Supervisors
IAIS meets in Kansas City to set 2016 agenda
KANSAS CITY, Mo. (Jan. 12, 2016) — Insurance regulators from around the world gathered in Kansas City this week to discuss priorities of the International Association of Insurance Supervisors (IAIS). The IAIS Executive Committee meeting, hosted by the National Association of Insurance Commissioners (NAIC), focused on the continued development of an international capital standard for insurance and prioritization of IAIS activities.
“I am so pleased to welcome members of the IAIS to my home state to kick off our work for the year,” said John M. Huff, NAIC President and Missouri Insurance Director. “Our international efforts are critical to global insurance market stability, and this meeting is an opportunity to reinforce our strong ties within the international insurance regulatory community.”
Executive Committee members met to discuss the IAIS agenda for the coming year as well as ongoing IAIS projects and goals. Members also discussed stakeholder engagement, cybersecurity, reinsurance, the impact of low interest rates on insurer investments and the long-term care insurance market. The meeting concluded with a tour of the NAIC Central Office, which serves as a clearinghouse for data collection and analysis of the insurance industry in the United States.
Other U.S. regulators at the meeting included Ted Nickel, NAIC Vice President and Wisconsin Insurance Commissioner; Julie Mix McPeak, NAIC Secretary-Treasurer and Tennessee Insurance Commissioner; Kevin M. McCarty, Florida Insurance Commissioner; Susan L. Donegan, Vermont Insurance Commissioner; and David Mattax, Texas Insurance Commissioner.