The International Association of Insurance Supervisors is giving the public a chance to shape its future.
The Basel, Switzerland-based group has asked representatives for insurers, insurance distributors, consumers and other insurance stakeholders to send it information and ideas for its next five-year strategic plan.
The current IAIS five-year strategic plan ends in 2019.
Because most countries in the world rely mainly on government programs, not commercial health insurance, to pay for health care, the IAIS tends to focus mainly on issues related to life insurance, annuities and property-casualty insurance, not to health insurance.
In the past year, the National Association of Insurance Commissioners and some members of Congress have complained about state insurance regulators’ conflicts with the U.S. Federal Insurance Office over how U.S. representatives should approach negotiations with the IAIS and other international financial services standards bodies.
The IAIS does post drafts of its proposals, and it puts the proposals through public comment periods.
For the strategic plan drafting process, the IAIS is asking for two types of comments: