World Risk and Insurance News asked Leigh Ann Pusey, President & CEO of the American Insurance Association (AIA), what she thought were the top issues insurers should be concerned about in 2015. She believes the industry will continue to be focused on regulation.  Right now, there is a lot of discussion about how to treat companies that operate on a global basis, how are we going to look at capital, and the broader question of financial stability. Since the implementation of Dodd-Frank in the U.S., 30% of the insurance industry is under the prudential supervision of the Federal Reserve, and “that’s a new world order for us.” The Fed and Insurance Industry are trying to figure out how that will work.

In addition, Model Holding Rules are under review, efforts to revise collateral.  Cyber also remains a priority for the industry, from the perspective of growth and potential as well as public policy. And with a new Congress, the industry must be engaged in any discussion on potential tax reform.

For more information on the Joint Industry Forum, visit the WRIN.tv On Demand Library.

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