Florida Insurance Commissioner Kevin McCarty will moderate a panel discussion on “Enhanced Group Supervision” at the International Insurance Forum sponsored by the National Association of Insurance Commissioners.
Group supervision has been one of the most widely discussed topics in all financial regulation, including insurance, since the 2008 financial crisis.
Commissioner McCarty will point out that supervisors need to be careful that their regulatory requirements do not distract from the more important concept of understanding the economic realities that insurance groups face. He will share that this is a necessary push-back from a ‘one size fits all’ regulatory system.
The panel discussion, among other questions, will provide answers to: What is the purpose of such enhanced group supervision? Is the intent to create a zero failure system? Is that feasible?
Joining Commissioner McCarty on the panel will be Nobuyasu Sugimoto, Financial Sector Expert at the International Monetary Fund; Michael F. Consedine, Commissioner of the Pennsylvania Insurance Department; and Jacob Rosengarten, Chief Risk Officer at XL.
View the complete agenda for the NAIC two-day conference here .