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NAIC pronounces strategic priorities for 2024
The Nationwide Affiliation of Insurance coverage Commissioners (NAIC) has outlined its strategic priorities for 2024.
In a launch, the NAIC introduced the next regulatory priorities:
- local weather dangers/pure catastrophes and resilience
- insurer monetary oversight and transparency
- advertising and marketing of insurance coverage merchandise
- race and insurance coverage, monetary inclusion, and safety gaps
- use of synthetic intelligence by insurers and cyber threat
NAIC president and Connecticut Insurance coverage Commissioner Andrew N. Mais mentioned in a launch: “Constructed on the inspiration of coordination, cooperation, and collaboration, the state-based insurance coverage regulatory system is effectively geared up to maintain taking over the shared challenges and tasks of a world extra interconnected than ever earlier than.
“The NAIC’s regulatory priorities for 2024 mirror our dedication to pursuing modern and efficient options to essentially the most urgent points affecting customers, the insurance coverage sector, and markets.”
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