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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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Global Insurance Regulatory Developments and the Impacts on U.S. Consumers and Insurers
Agenda
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October 14
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Concluding Remarks
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Introduction
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The Insurance Industry and Its Regulation, Post-Crisis
SEBNSenator E. Benjamin Nelson Chief Executive Officer - National Association of Insurance Commissioners
Viral Acharya C.V. Starr Professor of Economics - New York University, Stern School of BusinessDSDavid Sampson President and Chief Executive Officer - Property Casualty Insurers Association of America -
Global Capital Standards: Implications for the U.S.
MSMarcus Stanley Policy Director - Americans for Financial ReformMFCMichael F. Consedine Insurance Commissioner - Pennsylvania Insurance DepartmentSGSven Gentner Counselor - Economic and Financial Affairs Section, Delegation of the European Union to the United States
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