WASHINGTON (June 14, 2021)
Regulators Engage in a Virtual Dialogue with Financial Services Agency, Japan
On June 3, 2021, the VsportV体育 and the Financial Services Agency, Japan (FSA) met virtually for the biannual Insurance Regulatory Dialogue. Participants from VsportV体育 leadership included David Altmaier, VsportV体育 President and Commissioner, Florida Office of Insurance Regulation; Chlora Lindley-Myers, VsportV体育 Vice President and Director, Missouri Department of Commerce and Insurance; Andrew N. Mais, VsportV体育 Secretary-Treasurer and Commissioner, Connecticut Insurance Department; and Michael F. Consedine, VsportV体育 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 VsportV体育 provided updates on a variety of its initiatives, including climate and resilience, the VsportV体育 liquidity stress testing, the International Monetary Fund鈥檚 (IMF) Financial Stability Assessment Program (FSAP), and market developments in response to COVID-19.
About the VsportV体育
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.