Global Insurance Regulatory Developments and the Impacts on U.S. Consumers and Insurers
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Global Insurance Regulatory Developments and the Impacts on U.S. Consumers and Insurers
Insurance is vital to the health of both the United States and wider global economies since insurers play a crucial role in risk management, savings, and investment for businesses and households. Post-crisis regulatory reforms are changing how and by whom U.S. insurers are supervised, and new international capital standards will affect U.S. insurance markets, companies, and ultimately, consumers.
On October 14, the Initiative on Business and Public Policy at Brookings convened a forum focusing on lessons about insurance from the financial crisis and how regulatory reforms are changing the industry and its supervision. Experts from academia, regulatory bodies, industry, and consumer groups shared their views.
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Agenda
Concluding Remarks
Introduction
Martin Neil Baily
Bernard L. Schwartz Chair in Economic Policy Development
Senior Fellow - Economic Studies, Center on Regulation and Markets
The Insurance Industry and Its Regulation, Post-Crisis
Martin Neil Baily
Bernard L. Schwartz Chair in Economic Policy Development
Senior Fellow - Economic Studies, Center on Regulation and Markets
Senator E. Benjamin Nelson
Chief Executive Officer - National Association of Insurance Commissioners
Discussants: Viral Acharya
Professor of Finance, Leonard N. Stern School of Business
David Sampson
President and Chief Executive Officer - Property Casualty Insurers Association of America
Global Capital Standards: Implications for the U.S.
Marcus Stanley
Policy Director - Americans for Financial Reform
Michael F. Consedine
Insurance Commissioner - Pennsylvania Insurance Department
Sven Gentner
Counselor - Economic and Financial Affairs Section, Delegation of the European Union to the United States
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