NAIC announces strategic priorities for 2024

NAIC announces strategic priorities for 2024 | Insurance Business America

Insurance News

NAIC announces strategic priorities for 2024

Insurance News

By
Terry Gangcuangco

The National Association of Insurance Commissioners (NAIC) has outlined its strategic priorities for 2024.

In a release, the NAIC announced the following regulatory priorities:

climate risks/natural catastrophes and resilience
insurer financial oversight and transparency
marketing of insurance products
race and insurance, financial inclusion, and protection gaps
use of artificial intelligence by insurers and cyber risk

NAIC president and Connecticut Insurance Commissioner Andrew N. Mais said in a release: “Built on the foundation of coordination, cooperation, and collaboration, the state-based insurance regulatory system is well equipped to keep taking on the shared challenges and responsibilities of a world more interconnected than ever before.

“The NAIC’s regulatory priorities for 2024 reflect our commitment to pursuing innovative and effective solutions to the most pressing issues affecting consumers, the insurance sector, and markets.”

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NAIC announces strategic priorities for 2024