Committees & Activities

International Insurance Relations (G) Committee

The following task forces and working groups report to the International Insurance Relations (G) Committee:

2015 Charges

The mission of the International Insurance Relations (G) Committee is to coordinate NAIC participation in international discussions on insurance regulatory and supervisory standard-setting and to promote international cooperation. The Committee also coordinates on international insurance matters with the U.S. federal government, including the Treasury Department, Federal Reserve Board, Office of the U.S. Trade Representative, Commerce Department, and other federal agencies. In addition, the Committee provides an open forum for NAIC communication with U.S. interested parties and stakeholders on international insurance matters.

Ongoing Support of NAIC Programs, Products or Services:  

  1. The International Insurance Relations (G) Committee will:

    • Develop NAIC policy on international insurance matters and participate in the work of the International Association of Insurance Supervisors (IAIS), including the development and implementation of global standards and guidance, activities to promote supervisory best practices and global financial stability. At the IAIS, promote open and transparent communication to IAIS members and stakeholders, as well as input from all members and stakeholders.—Essential

    • Participate in and contribute to discussions and work on cross-border and cross-sector issues, where appropriate, at the Joint Forum, the Financial Stability Board (FSB) and the Group of Twenty Finance Ministers and Central Bank Governors (G-20) by coordinating with U.S. financial regulators and seeking opportunities for direct engagement.—Essential

    • Coordinate state efforts to assist in achieving U.S. trade objectives through providing assistance and expertise on insurance matters to the Office of the United States Trade Representative (USTR) or other federal audiences regarding multi-lateral trade agreements and regional and bilateral trade negotiations by participating in dialogues and information exchanges; attending meetings; and reviewing and commenting on documents generated through trade discussions.—Essential

    • Participate in the Organization for Economic Cooperation and Development (OECD) Insurance and Private Pensions Committee and subcommittee meetings, at the invitation of the U.S. government, by attending meetings; drafting and commenting on insurance-related papers; acting as a coordinating body in the completion of statistical questionnaires; and presenting the U.S. state-based system of insurance regulation.—Essential

    • Maintain regular bilateral and multilateral dialogues with non-U.S. insurance supervisors to address prudential and consumer issues of mutual concern, explore ways to increase cooperation and collaboration, as well as training and education; and facilitate the exchange of information among regulators to enhance domestic regulation.—Essential

    • Coordinate the NAIC’s participation in the International Monetary Fund/World Bank Financial Sector Assessment Program (FSAP), including the referral of specific issues for consideration by other NAIC committees, task forces and/or working groups.—Essential

    • Coordinate international efforts with domestic stakeholder groups, including state legislative associations such as The National Conference of Insurance Legislators (NCOIL), and educating both federal and state legislators and policymakers on the implications of global insurance standard making on domestic markets, consumer protection and economic development in coordination with the Government Relations (EX) Leadership Council.—Essential

  2. The International Regulatory Cooperation (G) Working Group will:
    • Strengthen international regulatory systems by interacting with international regulators; reviewing proposed laws and regulations for insurance supervisors in countries changing their regulatory structure and those with emerging economies.—Essential

    • Conduct an International Fellows Program and educational (technical assistance) seminars to provide an understanding of the U.S. state-based system of insurance regulation; and establishing fellowship opportunities between U.S. and foreign insurance regulatory bodies.—Essential

    • Regularly consult with insurance supervisors from other jurisdictions. Communicate regularly and establish working relationships with the U.S. government, the private sector and international organizations to coordinate efforts whenever possible provide more efficient and effective technical assistance.—Essential

  1. The ComFrame Development and Analysis (G) Working Group will:
    • Provide ongoing technical review as well as expedited strategic input on the IAIS Common Framework for the Supervision of Internationally Active Insurance Groups (ComFrame), as well as international group capital developments; facilitate the input and participation of U.S. insurance regulators in the IAIS field-testing process.—Essential

    • Assist in communicating on ComFrame and capital developments-related matters with other parties, including the Federal Reserve Board and the U.S. Department of the Treasury, as appropriate; develop a possible approach for a U.S.-based group capital standard for internationally active insurance groups and collaborate in its development with other parties, including the U.S. Department of the Treasury, the Federal Reserve Board and key industry stakeholders, as appropriate.—Essential

    • Coordinate and liaise with relevant NAIC committees, federal agencies such as the Federal Reserve and the Department of the Treasury, interested parties and stakeholders as appropriate.—Essential

NAIC Support Staff: Eric Thompson/Ryan Workman/Ekrem Sarper/Gita Timmerman

 

Conference Call Calendar

NAIC conference calls & interim meetings are available on the NAIC Conference Call Calendar. See NAIC's revised policy statement on open meetings.

International Insurance Relations (G) Committee
ComFrame Development & Analysis (G) Working Group
Joint Meeting and Conference Call
Friday, February 13, 2015
9:00 am ET / 8:00 am CT

There are no training events at this time.

Go to the exposure draft index.
2014-15 Financial Sector Assessment Program (FSAP) Self-Assessment of the U.S. Insurance Sector
U.S.-EU Dialogue Project Report
December 2012
U.S.-EU Dialogue Project: The Way Forward
December 2012
U.S.-EU Dialogue Project Update
April 2013
documents and resources
Final NAIC Comments on IAIS ICS Consultation Draft
Keynote Address by Commissioner Huff at IAIS Annual Meeting in Amsterdam
NAIC Response Letter to Jonathan Faull Regarding: Way Forward Project 7/11/14
ComFrame Position Statements
December 2013
Capital Position Statements
December 2013
International Regulatory Cooperation

International Fellows Program

International Strategy and Action Plans

The NAIC International Report is our newsletter, providing information and the NAIC's perspective on current international insurance events and issues.

Related NAIC Publications
A Regulator's Introduction to the Insurance Industry
Accounting Practices and Procedures Manual
Annual and Quarterly Statement Blanks
Annual and Quarterly Statement Instructions
Financial Analysis Handbooks

Quarterly Listing of Alien Insurers

Risk-Based Capital Forecasting
Contacts
Media queries should be directed to the NAIC Communications Division at 816-783-8909 or news@naic.org.
Eric Thompson
Manager of International Relations
Phone: 202-471-3988
Fax: 816-460-1784
Ryan Workman
International Insurance Program Counsel
Phone: 816-783-8072
Fax: 816-460-0121
Ekrem Sarper
International Policy Advisor
Phone: 202-471-3976
Fax: 816-460-7824

Gita Timmerman
International Policy Counsel
Phone: 202-471-3981
Fax: 816-460-7826

Please see the current Committee List for a complete list of committee members.