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The Federal Reserve Building in Washington (Photo: Shutterstock)

Life Health > Running Your Business

Fed Seeks Life Insurance Experts for Advisory Panel

By Allison Bell

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The Federal Reserve Board is recruiting members for its Insurance Policy Advisory Committee, or IPAC, according to a Fed notice that’s set to be published in the Federal Register.

Traditionally, the Fed has focused on regulating banks. IPAC helps the Fed understand the insurance industry.

The 21 members of the committee serve staggered three-year terms.

Members include representatives from the worlds of insurance accounting, actuarial services, academia, insurance regulation and policyholder advocacy.

The Fed hopes to fill the seats opening up this year with members with expertise in life insurance, property and casualty insurance, and reinsurance.

The Fed helps shape banking regulation, interest rates and the supply of money in the United States, and its actions influence financial services regulation and monetary policy all around the world.

Statements of interest are due Oct. 2.

The current members with ties to life insurers are Elizabeth Brill of New York Life, John Golden of Athene Holding, Halina von dem Hagen of Manulife, Shweta Jhanji of Ameriprise, Bryan Pickel of Prudential Financial; Pooha Rahman of Protective Life, Aaron Sarfatti of Equitable, Aaron Vedder of Northwestern Mutual and Sarah Williams of Guardian.

The Federal Reserve Building in Washington (Photo: Shutterstock)

Allison Bell

Think_Allison

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