Q&A: NAIC's CEO and president on group supervision, systemic risk and captives
Louie Woodall speaks to leading members of the National Association of Insurance Commissioners in the US about the challenges of coordinating regulation across borders, both domestic and foreign
The National Association of Insurance Commissioners (NAIC) has a full in-tray these days. In a country where the responsibility for insurance supervision is jealously guarded by individual states, the NAIC has the unenviable task of setting standards agreeable to more than 50 different markets – the US, plus five overseas territories and the District of Colombia.
Right now the association, led by chief executive officer Ben Nelson (a former US senator) and president James Donelon, is grappling
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