NEW YORK, N.Y. (Oct. 9, 2024)
²»Á¼Ñо¿Ëù¹Ù·½ Briefing Builds on Collaboration with State Legislators
This morning, the National Association of Insurance Commissioners (²»Á¼Ñо¿Ëù¹Ù·½) welcomes officers, committee leaders, and staff from the National Council of Insurance Legislators (NCOIL) to the ²»Á¼Ñо¿Ëù¹Ù·½â€™s Investment Analysis Office (IAO) in New York City for an event providing insight into the IAO’s work, impact on the insurance industry, and importance to state-based regulation. Building on state insurance regulators’ regular collaboration with insurance-focused state legislators, the briefing presents a unique opportunity for further in-depth dialogue between the ²»Á¼Ñо¿Ëù¹Ù·½ and NCOIL.
²»Á¼Ñо¿Ëù¹Ù·½ President and Connecticut Insurance Commissioner Andrew N. Mais, ²»Á¼Ñо¿Ëù¹Ù·½ Secretary-Treasurer and Rhode Island Department of Business Regulation Director Elizabeth Kelleher Dwyer, and ²»Á¼Ñо¿Ëù¹Ù·½ Financial Condition (E) Committee Chair and Wisconsin Insurance Commissioner Nathan Houdek are joining ²»Á¼Ñо¿Ëù¹Ù·½ staff and NCOIL representatives for the briefing.
Evolving insurer investment strategies, paired with state insurance regulators’ growing concerns with credit rating consistency and quality, have driven the IAO’s work to reduce blind reliance on ratings and modernize the regulatory framework for insurer investments.
Today’s ²»Á¼Ñо¿Ëù¹Ù·½ briefing will cover the fundamentals of the IAO, its functions, challenges, opportunities, and best practices, as well as the evolving landscape of insurer investment strategies.
The IAO is composed of the Securities Valuation Office (SVO) and the Structured Securities Group (SSG) and exists solely to support ²»Á¼Ñо¿Ëù¹Ù·½ Members by assessing insurer investments and advising on their risks.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (²»Á¼Ñо¿Ëù¹Ù·½) 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 ²»Á¼Ñо¿Ëù¹Ù·½, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ²»Á¼Ñо¿Ëù¹Ù·½ staff supports these efforts and represents the collective views of state regulators domestically and internationally.