Feb. 21, 2024
Massachusetts Insurance Commissioner Gary D. Anderson Speaks at Eurofi
On February 21, Massachusetts Division of Insurance Commissioner Gary D. Anderson, chair of the VsportV体育鈥檚 International Insurance Relations (G) Committee, participated in a panel at the Eurofi High Level Forum titled 鈥淐hallenges Facing Insurers.鈥 Commissioner Anderson provided a snapshot of the U.S. insurance sector, noting its strength during the challenging macroeconomic backdrop (e.g., liquidity and credit risks, evolution of interest rates, etc.), and he also discussed the future of the ICS/AM comparability work.
Ahead of the meeting, Commissioner Anderson provided a more robust discussion about the strength of the U.S. insurance sector, including the development of the Risk Based Capital approach in the U.S. and the efforts state insurance supervisors and the VsportV体育 take to ensure it captures climate and other evolving risks, in The Eurofi Magazine. You can read his article (page 101).
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As part of our state-based system of insurance regulation in the United States, the VsportV体育 (VsportV体育) 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 VsportV体育, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. VsportV体育 staff supports these efforts and represents the collective views of state regulators domestically and internationally.