FED Announces Inaugural Members of Insurance Policy Advisory Committee

FED announced the inaugural 21 members of the Insurance Policy Advisory Committee, or IPAC. The Committee will provide information, advice, and recommendations to the Federal Reserve Board on domestic and international insurance issues, including negotiations at IAIS. The inaugural members have expertise in life insurance, property and casualty insurance, and reinsurance. Members have professional backgrounds in insurance accounting, actuarial science, academia, insurance regulation, policyholder advocacy, capital markets, and other areas. The inaugural Committee members will serve staggered terms ranging from one to three years. Starting next year, FED intends to annually appoint new members to the Committee to serve three-year terms.