Insurance Europe’s 14th International Conference: Protect. Connect. Invest. Held in Helsinki, Finland
Lori Wing-Heier, Director, Alaska Division of Insurance, and Co-Chair of the National Association of Insurance Commissioners’ (NAIC) Climate and Resiliency Task Force, joined the Insurance Europe’s panel “Protecting people: the future of climate insurance” today in Helsinki. Director Wing-Heier highlighted the work of U.S. state insurance supervisors and the NAIC to address climate risk.
The panel discussed transition risk and the challenges in moving to a lower carbon economy, the role of private/public partnerships, and how to leverage technology and consumer education.
Director Wing-Heier spoke on what supervisors, insurers, and consumers can do to help ensure the availability of insurance products and the insurability of property, including through pre-disaster mitigation efforts against natural catastrophe risks.
She also noted how states individually are looking at potential solutions for the unique risks they face, as well as working together collectively on nationwide approaches.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.