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IAIS Annual Conference: Assessing Long-Term Risks and a Path Forward | Faegre Drinker Biddle & Reath LLP

To embed, copy and paste the code into your website or blog: Instead of Chilean wine in Santiago as originally planned, over 1000 attendees of the 2020 International Association of Insurance Supervisors (IAIS) Annual Conference settled in for coffee and a laptop as the virtual meeting kicked off on December 3. The IAIS is an international standard-setting body comprised of insurance supervisors and regulators from more than 200 jurisdictions. It is responsible for developing and assisting in the implementation of principles, standards and other supporting material for the supervision of the global insurance sector. Day one of the IAIS Annual Conference featured a town hall discussion with IAIS leadership. The overarching messages focused on the impact of COVID-19 and the path forward in 2021. IAIS leaders extolled the utility of the IAIS’ post-financial crisis reforms in monitoring and responding to the COVID crisis. The results of the IAIS’ monitoring and analysis are:

IAIS Annual Conference Recap

Thursday, December 17, 2020 Instead of Chilean wine in Santiago as originally planned, over 1000 attendees of the 2020 International Association of Insurance Supervisors (IAIS) Annual Conference settled in for coffee and a laptop as the virtual meeting kicked off on December 3. The IAIS is an international standard-setting body comprised of insurance supervisors and regulators from more than 200 jurisdictions. It is responsible for developing and assisting in the implementation of principles, standards and other supporting material for the supervision of the global insurance sector. Day one of the IAIS Annual Conference featured a town hall discussion with IAIS leadership. The overarching messages focused on the impact of COVID-19 and the path forward in 2021. IAIS leaders extolled the utility of the IAIS’ post-financial crisis reforms in monitoring and responding to the COVID crisis. The results of the IAIS’ monitoring and analysis are:

Commissioner Mais Elected As Secretary Treasurer OF NAIC

Reply Dec. 16, 2020 Governor Ned Lamont today is congratulating Connecticut Insurance Commissioner Andrew N. Mais on his election as secretary treasurer of the National Association of Insurance Commissioners (NAIC). Commissioner Mais will assume his additional duties with the NAIC beginning January 1, 2021. The NAIC is the U.S. standard-setting and regulatory support organization created and 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 review, and coordinate their regulatory oversight. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S.

Business News - December 2020 - Jersey, Guernsey, Offshore Isles

Business News - December 2020 - Jersey, Guernsey, Offshore Isles
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