NAIC broadcasts 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 stated in a launch: “Constructed on the inspiration of coordination, cooperation, and collaboration, the state-based insurance coverage regulatory system is properly outfitted to maintain taking up the shared challenges and duties of a world extra interconnected than ever earlier than.

“The NAIC’s regulatory priorities for 2024 replicate our dedication to pursuing progressive and efficient options to probably the most urgent points affecting customers, the insurance coverage sector, and markets.”

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