23 June 2016USA analysis

Tennessee commissioner elected to IAIS board

Julie McPeak, Tennessee Department of Commerce and Insurance commissioner, has been elected to serve as vice chair of  the International Association of Insurance Supervisors’ (IAIS) executive committee.

Comprised of insurance regulators and supervisors from more than 200 jurisdictions, the IAIS is the international standard-setting body for insurance supervision.

According to the Tennessee Department of Commerce and Insurance, IAIS meetings provide an opportunity for state insurance regulators to meet with their international counterparts with the group’s executive committee providing leadership in its ongoing efforts to support global financial stability.

“I am honoured and pleased to represent the United States and state insurance regulators as vice chair,” said McPeak, who has served on the IAIS executive committee for more than two years.

“We will continue to work on behalf of consumers and ensure consumer protection both in the US and abroad in the creation and implementation of international insurance standards.”

McPeak was appointed to lead the Department by Governor Bill Haslam in January 2011. In February 2016, McPeak was elected as vice president of the National Association of Insurance Commissioners (NAIC).