The National Association of Insurance Commissioners reported that U.S. state insurance regulators participated in the EU-U.S. Insurance Dialogue Project Public Stakeholder Session, focused on a new summary report tracking progress in transatlantic cooperation. Discussions centred on sharing best practices in financial oversight, natural catastrophe risk mitigation, and supervisory approaches to the use of artificial intelligence. Regulators from Iowa, Wisconsin and California highlighted state-led work to improve data and financial oversight of insurers to identify coverage gaps and protect market integrity. The update also referenced the NAIC’s 2024 National Climate Resilience Strategy, including efforts to use data to close protection gaps, develop a flood insurance blueprint, expand risk mitigation, and test scenarios for long-term solvency, and reiterated that the Dialogue Project convenes the NAIC, the U.S. Treasury’s Federal Insurance Office, the Federal Reserve Board, the European Insurance and Occupational Pensions Authority, EU national competent authorities and the European Commission.
National Association Of Insurance Commissioners 2025-11-19
National Association of Insurance Commissioners joins EU-U.S. supervisors to review progress on financial oversight, catastrophe risk mitigation and AI supervision
The National Association of Insurance Commissioners reported on the EU-U.S. Insurance Dialogue Project Public Stakeholder Session, focusing on transatlantic cooperation in financial oversight, natural catastrophe risk mitigation, and AI supervisory approaches. U.S. state regulators emphasized enhancing data and financial oversight to address coverage gaps. The session highlighted the NAIC’s 2024 National Climate Resilience Strategy, including flood insurance, risk mitigation, and long-term solvency testing initiatives.