Industry Issues | Global Regulatory Convergence

Background and Resources

House Financial Services Subcommittee Chairman Luetkemeyer Discusses PCI’s Infographic on International Meetings That Are Closed to the Public and Stakeholders

Infographic: 80% of International Insurance Standards Meetings are Closed to Stakeholders or the Public

Summary of International Insurance Standards Legislation

“State-based insurance regulatory system reliable, successful” Statesman Journal, September 19, 2016 by Brian Steffel, President and CEO, Oregon Mutual Insurance Group

“Congress must act now to defend U.S. insurance system” Columbia Daily Tribune, September 20, 2016 by Rick Means, President and CEO, Shelter Insurance Companies

“Congress Must Defend Insurance System” Stamford Advocate, September 9, 2016 by Stan Galanski, President and CEO, Navigators Global

PCI Members Press Lawmakers on International Insurance Issues

Reps Heck and Clever letter to Secretary Lew, July 5, 2016

House Committee Passes Bipartisan Transparent Insurance Standards Act, June 16

House Debates Transparent Insurance Standards Act, June 15

NAIC Letter of Support for H.R. 5143, the Transparent Insurance Standards Act of 2016, June 14, 2016

ACLI Letter of Support for H.R. 5143, the Transparent Insurance Standards Act of 2016, June 14, 2016

Reps Heck and Clever letter to Secretary Lew, July 5, 2016

House Committee Passes Bipartisan Transparent Insurance Standards Act, June 16

House Debates Transparent Insurance Standards Act, June 15

NAIC Letter of Support for H.R. 5143, the Transparent Insurance Standards Act of 2016, June 14, 2016

ACLI Letter of Support for H.R. 5143, the Transparent Insurance Standards Act of 2016, June 14, 2016

NAIC Sends Letter of Support for H.R. 5143, the Transparent Insurance Standards Act, June 14

Revised Draft of Transparent Insurance Standards Act of 2016, June 10

House Appropriations Committee Adopts FY2017 Appropriations Bill, June 10

Joint Trades Letter of Support for H.R. 5143, the Transparent Insurance Standards Act, June 9, 2016

Favorable Insurance Provisions in House Appropriations Bill and Report, June 9

Joint Trades Letter of Support for Transparent Insurance Standards Act, June 9

FRB Advance Notice of Proposed Rulemaking on Capital Requirements for Supervised Institutions Significantly Engaged in Insurance Activities, June 3, 2016

FRB Request for Comment on Enhanced Prudential Standards for Systemically Important Insurance Companies, June 3, 2016

FRB Issues Advance Notice of Proposed Regulation on Capital Standards, June 3

Senator Brown Letter to Secretary Lew, May 23, 2016

Federal Reserve Governor Dan Tarullo Remarks “Insurance Companies and the Role of the Federal Reserve” May 20, 2016

Input Sought on Draft, Democratic International Insurance Capital Standards Bill, May 12

PIA Letter of Support for H.R. 5143, the Transparent Insurance Standards Act of 2016, May 3, 2016

Transparent Insurance Standards Act Introduced in U.S. House, April 29

House Insurance Subcommittee Chairman Releases Updated Draft International Insurance Bill, April 26

Letter to Chairman Crenshaw and RM Serrano on Financial Services General Government Approps Bill, March 16, 2016

House Insurance Subcommittee Chairman Releases Revised Draft International Insurance Bill, March 11

Summary of House Hearing on International Insurance Issues, February 25

House Subcommittee Hearing “The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers: Part II,” February 25

Recent Meetings in Basel on Resolutions, G-SII Methodology and NTNI, February 3

Two Recent Government Reports Underscore Resilience of Insurance Sector, January 27

House Committee Holds FSOC Hearing: Insurance Industry Topics Featured, December 12

Chairman Luetkemeyer Letter to Fed and Treasury on Insurance Capital Standards, October 19, 2015

House Subcommittee Chairman Sends Letter on Insurance Capital Standards, October 19

House Hearing on Impact of Domestic Regulatory Standards, September 29

International Capital Standards, July 27

Report on Capital Standards for PC Insurers

International Association of Insurance Supervisors (IAIS)

Financial Stability Board (FSB)

European Insurance and Occupational Pensions Agency (EIOPA)

NAIC