NAIC Members Discuss Key Priorities at Bermuda Events
In April, National Association of Insurance Commissioners (NAIC) Members and staff were in Bermuda to discuss the NAIC’s key priorities for 2026, including strengthening insurer investment oversight, understanding the use of artificial intelligence, and increasing resilience to natural catastrophes.
At the Association of Bermuda Insurers and Reinsurers' (ABIR) Risk Forum on April 8, NAIC President and Virginia Insurance Commissioner Scott White participated on the “Safety & Soundness: NAIC Qualified & Reciprocal Reinsurers Protecting Consumers” panel, where he discussed NAIC reciprocal and qualified jurisdiction status and related processes, the importance of the Bermuda reinsurance market to the U.S., and state insurance regulators' work to close protection gaps.
Participating on the “Emerging Narratives: Geopolitical Headwinds, Quality of Credit & More” panel, Wisconsin Insurance Commissioner and NAIC Financial Condition (E) Committee Chair Nathan Houdek addressed current geopolitical risks and their effects on insurer investments, as well as what state insurance regulators are doing to address those risks.
Also during the ABIR Forum, Florida Insurance Commissioner Mike Yaworsky spoke on the “Reinsurance and Resilience: Protecting 24 Million Floridians” panel.
On April 9–10, at the Bermuda Monetary Authority’s Forum, Commissioner White joined insurance supervisors from other jurisdictions to discuss navigating change in a volatile market around the globe. Among other topics, Commissioner White addressed the threat of uninsurability due to natural catastrophes. He highlighted the NAIC’s National Climate Resilience Strategy for Insurance and the NAIC's Catastrophe Risk Management Center of Excellence and their role in supporting state insurance regulators' resilience and mitigation efforts.
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.