Michigan DIFS Director Anita G. Fox Addresses Taiwan Insurance Institute Forum
On Tuesday, Aug. 20, Michigan Department of Insurance and Financial Services Director Anita G. Fox, chair of the NAIC’s Health Insurance and Managed Care (B) Committee, delivered keynote remarks at the Taiwan Insurance Institute’s “East Asia Pacific Insurance Forum 2024” in Taipei, Taiwan, regarding the regulation of health insurance in the United States.
In her presentation, Director Fox highlighted the evolution of health insurance in the U.S. and discussed the development of regulation both at the state and federal levels. Director Fox also focused on the steps U.S. state insurance supervisors are taking concerning the challenges facing health insurance, which include affordability, availability, marketing, and cyber security. Following her presentation, Director Fox joined a panel to address specific topics in more detail, including the Affordable Care Act marketplaces, cyber security, and long-term care insurance.
Ahead of the Forum, on Aug. 19, Director Fox met with representatives from Taiwan’s Financial Supervisory Commission to exchange views on the future of health insurance, including the development of “digital insurers."
(Photo: Michigan DIFS Director Anita G. Fox [front row, fourth from left] at the “East Asia Pacific Insurance Forum 2024” in Taipei, Taiwan. Credit: Taiwan Insurance Institute)
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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.