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NAIC-China Dialogue Enhances Insurance Regulatory Cooperation

State insurance regulators working through the National Association of Insurance Commissioners (NAIC) joined their counterparts from the China Insurance Regulatory Commission (CIRC) to further regulatory cooperation on issues impacting both countries
August 1, 2012

State insurance regulators working through the National Association of Insurance Commissioners (NAIC) joined their counterparts from the China Insurance Regulatory Commission (CIRC) to further regulatory cooperation on issues impacting both countries. The U.S.-China Insurance Regulation Seminar was held in Qingdao, China last week. This seminar represents the NAIC’s ongoing commitment to share best practices in insurance supervision globally.

“Insurance markets have evolved over the years to become increasingly global, interconnected, and convergent - a trend that will undoubtedly continue in years to come. U.S. insurance regulators are heavily invested in the future of insurance globally, and the NAIC is committed to coordinating with our fellow regulators, both domestically and internationally, to ensure open, competitive, stable markets around the world,” said Iowa Insurance Commissioner Susan Voss, who led the NAIC delegation.