"State insurance regulators and the NAIC are closely monitoring global financial markets and the potential impact on U.S. insurers operating in the U.K. and the European Union. The NAIC has released information and analysis on the Brexit situation and is coordinating a variety of efforts by state insurance regulators, including ongoing communications with the UK Prudential Regulation Authority and other European insurance regulators. We are committed to working with our industry and European regulatory counterparts to help ensure insurance consumers continue to be well-served and protected through this period of transition."
NAIC Releases Brexit Statement
John M. Huff, NAIC President and Missouri Insurance Director
About the NAIC
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. For more information, visit www.naic.org.