The Federal Reserve Board announced the addition of seven members to its Insurance Policy Advisory Committee (IPAC), four of whom are new members. Established by the Economic Growth, Regulatory Relief, and Consumer Protection Act, the IPAC offers information, guidance, and recommendations to the Board on insurance matters both nationally and internationally.
IPAC members possess expertise in various areas of insurance such as life insurance, property and casualty insurance, and reinsurance. Additionally, their professional backgrounds range from insurance accounting, actuarial science, and academia to insurance regulation, policyholder advocacy, and capital markets. The complete list of new members and their affiliations is provided above.
Read the original Federal Reserve release here.