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International Insurance Relations (G) Committee

2022 Membership

2023 Proposed Charges

INTERNATIONAL INSURANCE RELATIONS (G) COMMITTEE

The mission of the International Insurance Relations (G) Committee is to: 1) coordinate NAIC participation in international discussions on and the development of insurance regulatory and supervisory standards; 2) promote international cooperation; 3) coordinate on international insurance matters with the U.S. federal government, including the U.S. Department of the Treasury (Treasury Department), the Federal Reserve Board (FRB), the Office of the U.S. Trade Representative (USTR), the U.S. Department of Commerce (DOC), and other federal agencies; and 4) provide an open forum for NAIC communication with U.S. interested parties, stakeholders, and among it members on international insurance matters.

Ongoing Support of NAIC Programs, Products or Services

  1. The International Insurance Relations (G) Committee will:
    1. Monitor and assess activities at international organizations, such as the International Association of Insurance Supervisors (IAIS), the Financial Stability Board (FSB), and the Organisation for Economic Co-operation and Development (OECD), that affect U.S. insurance regulation, U.S insurance consumers, and the U.S. insurance industry.
    2. Support and facilitate the participation of state insurance regulators and the NAIC in relevant workstreams of international organizations.
    3. Develop NAIC policy on international activities and issues, coordinating, as necessary, with other NAIC committees, task forces, and working groups and communicating key international developments to those NAIC groups.
    4. Coordinate and facilitate state efforts to participate in key bilateral and multilateral dialogues, projects, conferences, and training opportunities with international regulators and international organizations, both directly and in coordination with the federal government, as appropriate.
    5. Strengthen foreign regulatory systems and relationships by interacting with international regulators and sharing U.S. supervisory best practices, including conducting an International Fellows Program and educational (technical assistance) seminars to provide an understanding of the U.S. state-based system of insurance regulation.
    6. Coordinate the NAIC's participation in the International Monetary Fund (IMF)/World Bank Financial Sector Assessment Program (FSAP).
    7. Coordinate state efforts to assist in achieving U.S. international trade objectives through reviewing relevant materials, developing input, and providing assistance and expertise on insurance matters to the USTR and/or other federal entities.

2022 Adopted Charges

INTERNATIONAL INSURANCE RELATIONS (G) COMMITTEE

The mission of the International Insurance Relations (G) Committee is to: 1) coordinate NAIC participation in international discussions on and the development of insurance regulatory and supervisory standards; 2) promote international cooperation; 3) coordinate on international insurance matters with the U.S. federal government, including the U.S. Department of the Treasury (Treasury Department), the Federal Reserve Board, the Office of the U.S. Trade Representative (USTR), the U.S. Department of Commerce, and other federal agencies; and 4) provide an open forum for NAIC communication with U.S. interested parties and stakeholders on international insurance matters.

Ongoing Support of NAIC Programs, Products or Services

  1. The International Insurance Relations (G) Committee will:
    1. Monitor and assess international activities at forums like the International Association of Insurance Supervisors (IAIS), the Financial Stability Board (FSB), and the Organisation for Economic Co-operation and Development (OECD), among others, that affect U.S. insurance regulation, U.S insurance consumers, and the U.S. insurance industry.
    2. Support and facilitate the participation of state insurance regulators and the NAIC in relevant IAIS, FSB, OECD and similar workstreams.
    3. Develop NAIC policy on international activities, coordinating as necessary with other NAIC committees, task forces and working groups, and communicating key international developments to those NAIC groups.
    4. Coordinate and facilitate state efforts to participate in key bilateral and multilateral dialogues, projects, conferences and training opportunities with international regulators and international organizations, both directly and in coordination with the federal government, as appropriate.
    5. Strengthen international regulatory systems and relationships by interacting with international regulators and sharing U.S. supervisory best practices, including conducting an International Fellows Program and educational (technical assistance) seminars to provide an understanding of the U.S. state-based system of insurance regulation.
    6. Coordinate the NAIC's participation in the International Monetary Fund (IMF)/World Bank Financial Sector Assessment Program (FSAP).
    7. Coordinate state efforts to assist in achieving U.S. international trade objectives through reviewing relevant materials, developing input, and providing assistance and expertise on insurance matters to the USTR and/or other federal entities.

NAIC Support Staff: Ryan Workman/Nikhail Nigam

International Insurance Relations (G) Committee

2022 Fall National Meeting
International Insurance Relations (G) Committee
Tuesday, December 13, 2022
4:00 PM - 5:00 PM ET

Tampa Bay Ballroom 5 - 9 - Level 4 - JW Marriott

RELATED CONTENT
Education & Training Events
Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Ethan Sonnichsen
Director, Government Relations
Phone: 202-471-3980

Ryan Workman
Assistant Director, International Relations and Policy
Phone: 816-783-8072 

Maurice Maloney
International Policy and Bilateral Affairs Advisor
Phone: 202-471-3976

Nikhail Nigam
International Relations Policy Advisor
Phone: 202-227-9362

Rashmi Sutton
Senior International Relations Policy Counsel
Phone: 202-649-4986

Gita Timmerman
Senior International Relations Policy Counsel
Phone: 202-471-3981

Ned Tyrrell
Senior International Solvency Policy Advisor
Phone: 212-386-1986

Please see the current Committee List for a complete list of committee members.