Feb. 6, 2025
ÐÓ°ÉÊÓƵ Discusses ICS Implementation, Climate Resilience
The ÐÓ°ÉÊÓƵ (ÐÓ°ÉÊÓƵ) participated in the 7th Asia-Pacific High-Level Meeting (HLM) on Insurance Supervision and the 19th Asian Forum of Insurance Regulators (AFIR) Annual Meeting and Conference (AMC) in Kathmandu, Nepal.
The ÐÓ°ÉÊÓƵ shared insights into the U.S. risk-based solvency system at the HLM event, as well as the ÐÓ°ÉÊÓƵ’s plans in supporting the implementation of the Aggregation Method following the agreement in Cape Town.
During the AFIR Conference, the ÐÓ°ÉÊÓƵ discussed its National Climate Resilience Strategy for Insurance and the Strategy’s role in helping state insurance regulators close the insurance gaps in their respective jurisdictions. Specific attention was given to highlighting pre-disaster mitigation efforts, the development of the ÐÓ°ÉÊÓƵ’s Catastrophe Modeling Center of Excellence, and the growing popularity and effectiveness of resilience-funding programs.
(Top photo courtesy of the 7th Asia-Pacific High-Level Meeting on Insurance Supervision and the 19th Asian Forum of Insurance Regulators Annual Meeting and Conference)
About the ÐÓ°ÉÊÓƵ
As part of our state-based system of insurance regulation in the United States, the ÐÓ°ÉÊÓƵ (ÐÓ°ÉÊÓƵ) 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 ÐÓ°ÉÊÓƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ÐÓ°ÉÊÓƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.