Ted Nickel, the president of the National Association of Insurance Commissioners (“NAIC”), has signed a memorandum of understanding (“MOU”) with Argentina's National Superintendence of Insurance – Superintendencia de Seguros de la Nacin (“SSN”). Superintendent Juan Pazo signed the agreement on behalf of the SSN.
“Argentina's insurance market is experiencing accelerated growth as part of an ambitious transition toward a stronger economic policy framework,” Commissioner Nickel said. “The NAIC looks forward to working closely with Argentina in partnership and to provide technical assistance and training.”
The MOU is a framework for insurance supervisors in the United States and Argentina to coordinate regulatory issues with the goal of efficient, fair, safe, and stable insurance markets. In 2018, Argentina will preside over the G20, the forum representing the 20 largest economies in the world.
“This memorandum of understanding is an important milestone in the Argentinean history of insurance supervision,” said Superintendent Pazo. “Without a doubt, we are now one step closer to what we want to achieve at the SSN.”
The NAIC now has MOUs with 17 individual and regional jurisdictions representing 37 countries.
Steven A. Meyerowitz
Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. He may be contacted at [email protected].