Last Updated 5/13/2020
With an increasingly global marketplace and the growing importance of spreading risk globally, the NAIC and its members have a long-term interest in promoting sound insurance regulation and stable markets around the world. Building and strengthening these relationships is an opportunity to learn from our international colleagues and ensure that our supervision here remains strong and relevant for internationally active firms.
Through the NAIC’s International Insurance Relations (G) Committee, the NAIC has strengthened our bilateral and regional relationships over the past few years with a focus on addressing key regulatory issues, fostering market access, discussing the impact of innovation and technology, and coordinating on International Association of Insurance Supervisors (IAIS) policy.
These activities take a variety of forms. In addition to the numerous side meetings state insurance regulators have each year with their international counterparts, the NAIC maintains regular dialogues with Japan, the European Union, and Bermuda, in many cases meeting annually on a formal basis. Some of the largest growth markets for U.S. insurers can be found in the Asia-Pacific and Latin America regions, thus the NAIC’s commitment to engagement with these regions as well.
Our International Fellows Program, now in its 16th year, has welcomed more than 310 participants from 37 countries. As part of this program, visiting regulators learn about the U.S. state-based insurance regulation system by spending 6 weeks at the NAIC and host states. Many of the international regulators who have participated in this program have gone on to take leadership positions in their agencies, ensuring strong ties with state regulators and the NAIC for years to come.
If you are seeking any form of regulatory cooperation, or would like further information, please contact the Lead Manager of Bilateral Affairs.
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Note: Program is on hold for 2020 due to the global COVID-19 pandemic
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Assistant Director, International Relations and Policy
Lead Manager, Bilateral Affairs