Sept. 22, 2025
State Insurance Regulators Discuss International Standards and AI at Global Insurance Symposium
On the “Towards a Resilient Insurance Sector: Insights from International Supervisors’ Perspectives” panel at the “9th Conference on Global Insurance Supervision” in Frankfurt, Germany, on Sept. 3, North Dakota Insurance Commissioner and ӰƵ (ӰƵ) President Jon Godfread discussed the role of international standards, including the holistic framework and the ComFrame, in U.S. insurance regulation. He highlighted the ӰƵ’s contributions to the IAIS’ global monitoring exercises and stressed the importance of the ComFrame in creating a common language for insurance regulators across the globe, which has facilitated better communication at the group level.
On her panel, the Arizona Department of Insurance and Financial Institutions’ Barbara Richardson discussed resiliency in the context of digital transformation and the use of artificial intelligence (AI). In particular, she highlighted the work of the ӰƵ and state insurance regulators to keep abreast of the latest developments in the field, with an eye toward application and quick adaptability. As U.S. insurance regulators look ahead, she stressed that the next area of focus will be on raising awareness and strengthening third and “nth” party resilience.
On the sidelines of the meeting, ӰƵ representatives met with European Insurance and Occupational Pensions Authority (EIOPA) leadership to discuss topline priorities, including prudential oversight, AI and cyber security, and risk and resiliency, among other topics.
About the ӰƵ
As part of our state-based system of insurance regulation in the United States, the ӰƵ (ӰƵ) 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 ӰƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ӰƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.