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North American Insurance Associations Affirm Support of NAFTA

Contact: Marguerite Seidel
(202) 828-7196

WASHINGTON, D.C. MARCH 1, 2018 -- As Canada, Mexico and the United States meet in Mexico City for the 7th round of negotiations, the North American insurance associations (American Council of Life Insurers, American Insurance Association, Canadian Life and Health Insurance Association, Insurance Bureau of Canada, Mexican Association of Insurance Companies, Property Casualty Insurers Association of America, and Reinsurance Association of America) reaffirm our strong support for NAFTA, which has improved consumer access to innovative insurance products, bolstered competition by eliminating national ownership restrictions, and established a non-discriminatory government procurement process.

While the top priority must be to preserve the existing benefits of the Agreement, we support the ongoing effort to modernize the agreement and urge Canada, Mexico and the United States to engage constructively so that consumers and businesses can continue to benefit from NAFTA for decades to come. Specifically, it is essential that a modernized NAFTA contain strong investor protections, provide insurers with access to the full range of dispute settlement procedures, and introduce strong commitments on cross-border data flows and prohibitions on forced data localization for financial services providers, as long as data protection is guaranteed.

We encourage all negotiators to redouble their efforts to strengthen NAFTA while preserving and enhancing its existing benefits.

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The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry. Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise. Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers. 

Our membership is comprised of more than 330 companies, collectively writing more than $134 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


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Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER & MEDIA CONTACT
(202) 828-7149
rwallen@aiadc.org

 

 

AIA MEDIA

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