NU Online News Service, Aug. 13, 3:04 p.m. EST
ATLANTA—Globalization has reached the insurance industry, making it increasingly important for regulators from around the world to communicate with one another to preserve markets and protect consumers, says the chairman of the International Association of Insurance Supervisors.
Addressing attendees of the National Association of Insurance Commissioners meeting here on Saturday, Peter Braumüller, chairman of the IAIS executive committee and managing director of the Austrian Financial Market Authority, says that while each nation my use different tools to regulate insurance markets, they all have the same goal.
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