As Congressional leaders finalized a budget to keep the Federal government operating thru September, the insurance industry awaited publication of the Federal Insurance Office (FIO) report more than 18 months after its anticipated release, and debate over U.S. and European solvency models continued, Networks Financial Institute at Indiana State University presented the ninth annual Insurance Public Policy Summit on March 20, in Washington, D.C.
More than 120 insurance, financial services and public policy leaders convened to hear renowned thought-leaders in Congress, industry associations, and academia assess the 2013 insurance landscape and share their perspectives on the challenges facing the industry and those it serves.
Opening the day’s discussion, Indiana State University President Daniel Bradley recognized that the Insurance Public Policy Summit has established itself as a forum where diverse voices can examine and discuss an industry that is ever-evolving. His colleague Brien Smith, dean of the Scott College of Business at Indiana State University, noted the current industry landscape presents signs of economic growth yet remains stymied in other areas. "Another year in a Dodd-Frank world has passed and there is still significant uncertainty as we await the FIO report and the too-big-to-fail debate continues," Smith said. He also noted more optimistic economic signs including the relatively strong performance of the insurance sector compared to other financial services entities following the 2008 crisis, a rising stock market and an increase in deal flows.
Throughout the day, key decision makers presented a compelling discussion about how the insurance regulatory system is evolving in the 21st century. Following are select summaries of speaker and panelist remarks. Research papers and speaker presentations are available from our Summit research page.
All Insurance Public Policy Summit speaker slide presentations and papers are available from the Summit research page.
Information on the 10th Insurance Public Policy Summit will be posted on the web site as the date approaches.
Image of Dan Bradley courtesy of Whitney Krebs of Faegre Baker Daniels LLP
Our partners for this event, Faegre Baker Daniels, have also published a brief report of the Summit.