For several years, the IASA has eyed international expansion as part of its strategic vision. That vision took a step closer to reality over the past year when the association sponsored a dialog in November 2012 with U.K. companies that have a vested interest in learning more about the U.S. market and its standards.
“Because the U.K. represents such a big insurance market and has many companies that are subsidiaries or parents of U.S. companies, it was a natural location to take our first look at international expansion,” explains Joe Pomilia, Executive Director of the IASA International Office.
The IASA saw a particular opportunity in working with U.K. companies that are subsidiaries of U.S.-domiciled insurers. “Those U.K. operations have to provide statutory reporting information to their U.S. parents. Although parent companies certainly provide training resources, financial people who work for those U.K. insurers still struggle keeping current with updates on statutory accounting and the complex requirements of statutory reporting because there are few industry resources in their local market addressing educational needs,” he adds.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
