Welcome to San Diego for the 218th session of the National Association of Insurance Commissioners. When you review our agenda, you’ll discover we have a robust schedule for the next few days. Southern California’s Mediterranean climate seems the perfect backdrop for this milestone meeting as we celebrate the 145th anniversary of the NAIC, 20th anniversary of National Insurance Producer Registry (NIPR) and 10th anniversary of Interstate Insurance Product Regulation Commission (IIPRC).
The NAIC and our two affiliates have made great strides through the years to contribute to the strength of our state-based insurance regulatory system. We are proud of the many accomplishments we have made together to advance both consumer protection and a healthy insurance marketplace. While there is much to celebrate, we also have work in a variety of areas – including Principle-Based Reserving (PBR) implementation, a model law for cybersecurity, retirement security and long-term care insurance initiatives.
Since we’re in California, it is appropriate to showcase a little star power. We are pleased to welcome award-winning entertainer Rita Moreno, our newest celebrity partner, to two special events at this meeting. Rita is working with the NAIC to increase awareness among seniors about insurance matters and retirement security. We hope you’ll join us to hear Rita’s story on Saturday, Aug. 27.
From stars to cars, another important meeting is CIPR’s Summer Event: Gearing Up for Autonomous Vehicles, a symposium exploring the future of self-driving cars and their insurance impact, which will be held Sunday, Aug. 28. I hope you make time to get outside and enjoy the weather in this historic and beautiful city. Best wishes for a great meeting. Let me or any NAIC staff member know if there’s anything we can do to assist you.
Andrew J. Beal, NAIC Chief Operating Officer & Chief Legal Officer