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The NAIC’s 2021 International Insurance Forum Is a Success
The National Association of Insurance Commissioners (NAIC) spent May 25-26, hosting international and domestic participants for its 14th International Insurance Forum. With 2020’s Forum cancelled due to COVID-19, this year, the organization made up for lost time and held the event in a virtual format. The event garnered strong participation in which each registrant was afforded the opportunity to listen to panels addressing a variety of issues and ask questions regarding trending topics that impact the insurance sector from a global and domestic perspective.
The event included a keynote address by Randal K. Quarles, Federal Reserve Board Vice Chair for Supervision and Chair, Financial Stability Board (FSB). Quarles shared insights into some of the issues at the top of the Board's agenda and discussed the ongoing standard setting work of the FSB. The Forum also included seven panels and a fireside chat between NAIC President, and Florida Insurance Commissioner, David Altmaier and leadership of the International Association of Insurance Supervisors. More than 530 attendees registered for this year’s event, and many regulators and industry leaders participated as moderators or panelists.
Next year’s International Insurance Forum is scheduled for May 12-13 in Washington, D.C.
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.