In Denver's thinner atmosphere, golf balls go 10 percent farther and the sun feels warmer. However, your coffee will be cooler, since water boils at 202 degrees instead of 212. Those won't be the only changes you'll notice at this meeting. Another is I'm here as NAIC CEO – my first in this role. It's such a pleasure to return to support the work of this fine organization.
I wouldn't be here as CEO if I didn't believe in the value the NAIC adds to the exceptional work of state insurance departments across the country. Driven by our dedicated membership, we run the largest and most sophisticated insurance regulatory framework in the world, one that monitors company solvency and consumer protections effectively. Looking ahead, it is my mission to make sure we remain at the forefront of innovations and ahead of regulatory challenges. We are at a time of unprecedented policy shifts domestically and internationally, so we must position ourselves now for continued success. We are an organization that prides itself on nearly 150 years of history, but now we must position ourselves for the future. We will demonstrate leadership in a time of change and we will adapt to quickly evolving marketplaces.
The work of our standing committees is only getting more challenging as we take on issues like financial stability, advancements in technology and natural disaster recovery. We will support this important work with a renewed commitment to enhancing secure and competitive markets while managing and fostering technological innovation and continuing to provide superior service to our members and access to necessary resources for insurance departments. If you have ideas on how the NAIC can better serve insurance regulation, I'm all ears.
Thank you all for the incredibly warm welcome back to the NAIC. It's great to see so many familiar faces, and I look forward to making many new friends. If there is anything the NAIC can do to make this meeting more productive, please let me or any member of the NAIC staff know.
Michael F. Consedine
NAIC Chief Executive Officer