WASHINGTON (June 14, 2021)
Regulators Engage in a Virtual Dialogue with Financial Services Agency, Japan
On June 3, 2021, the Â鶹´«Ã½ and the Financial Services Agency, Japan (FSA) met virtually for the biannual Insurance Regulatory Dialogue. Participants from Â鶹´«Ã½ leadership included David Altmaier, Â鶹´«Ã½ President and Commissioner, Florida Office of Insurance Regulation; Chlora Lindley-Myers, Â鶹´«Ã½ Vice President and Director, Missouri Department of Commerce and Insurance; Andrew N. Mais, Â鶹´«Ã½ Secretary-Treasurer and Commissioner, Connecticut Insurance Department; and Michael F. Consedine, Â鶹´«Ã½ Chief Executive Officer (CEO). The dialogue provided regulators from two of the largest insurance markets in the world to discuss strategic priorities on issues of mutual regulatory interest. The Â鶹´«Ã½ provided updates on a variety of its initiatives, including climate and resilience, the Â鶹´«Ã½ liquidity stress testing, the International Monetary Fund’s (IMF) Financial Stability Assessment Program (FSAP), and market developments in response to COVID-19.
About the Â鶹´«Ã½
As part of our state-based system of insurance regulation in the United States, the Â鶹´«Ã½ (Â鶹´«Ã½) 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 Â鶹´«Ã½, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. Â鶹´«Ã½ staff supports these efforts and represents the collective views of state regulators domestically and internationally.