NAIC Update: Summer 2012
As London opened its arms to the world for the 2012 Summer Olympics, the National Association of Insurance Commissioners (NAIC), with its focus across U.S. borders and its own welcome to the world of international insurance regulation, held its Summer National Meeting mere blocks from Centennial Park where the city of Atlanta had played host to visitors from around the globe during the 1996 Summer Olympics.
In this Southern city where the Hollywood-fueled portrait of a land looking back on days past has long played second fiddle in reality to the busy, thriving home of some of the most recognizable names in business worldwide, past NAIC President Susan Voss was moved to comment on the standing room only crowd in the vast ballroom where the International Relations “G” Committee held its meeting. Regulators and industry evinced a strong forward-looking interest in international regulation and supervision that could reasonably be understood to reflect not only the ongoing globalization of the insurance industry, but the impact of the movement by insurance regulators to keep pace with changing practices and challenges.
This issue of NAIC Update features the following:
- ORSA pilot program results revealed
- Group to study impact of auto insurance costs on low-income consumers
- ComFrame comes under fire
- Principles-Based Reserving for life products moves ahead
- Contingent deferred annuities still raise concerns
- NAIC health update
- NAIC actuarial update
- NAIC accounting update
For more information, download the PDF.