The Insurance Development Center and the American Association of Insurance Commissioners signed a Memorandum of Understanding on Cooperation and Supervision today.

On the right is Gui Xiannong, chairman of Baofa Center (the picture is provided by Baofa Center)

[Reporter Wang Menglun/Taipei Report] The Insurance Development Center and the National Association of Insurance Commissioners (NAIC) signed a memorandum of understanding (MOU) on December 1 this year; types of cooperation, exchange information and share expertise, and promote the development of an efficient, fair and stable insurance market for both parties.

Founded in 1871, NAIC was registered in Delaware, USA, headquartered in Kansas City, Missouri, and its execution center is located in Washington, DC. Its members are non-profit organizations with 56 chief insurance regulators from all over the United States.

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Among them, NAIC is an exchange and collaboration platform for insurance regulators in the United States, assisting in the formulation of insurance-related laws and regulations, and providing professional information, research and development, statistical analysis, education and training services to assist state insurance regulators to effectively manage the industry and stabilize the market. Protect the rights and interests of consumers.

In addition, my country’s Insurance and Development Center was established in 1985 as a non-profit consortium legal person. It was registered and established in the Taipei District Court with the permission of the Ministry of Finance in 1985. It is a legal person institution under the Financial Supervision and Administration Commission; The purpose is to develop steadily and enhance the common interests of insurers and the general public.

The main business of the Insurance Development Center includes insurance professional research, insurance professional training, insurance actuarial calculation and statistics, insurance product review, insurance database construction and application, insurance knowledge popularization and education, international exchanges, etc., expecting to become an insurance think tank for the whole people, and By expanding international cooperation in multiple ways, it will develop into a regional insurance education center.

Gui Xiannong, chairman of the Insurance Development Center, said that in order to cooperate with the government to implement the international talent cultivation policy and become a regional insurance education center, he hopes to strengthen cooperation and exchanges between the two sides by signing a memorandum of cooperation with the American Association of Insurance Commissioners; cooperation methods include holding relevant training Or seminars, mutual visits, exchange of the latest industry information, etc.

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