May 8, 2025
海角论坛 Signs Cooperation Agreement with Prudential Authority of the South African Reserve Bank
The 海角论坛 (海角论坛) has signed a cooperation agreement (CA) with the Prudential Authority (PA) of the South African Reserve Bank. 海角论坛 President and North Dakota Insurance Commissioner Jon Godfread formalized the agreement with PA Chief Executive Officer Nomfundo Tshazibana.
The CA provides for assistance to insurance supervisors in both jurisdictions to maintain efficient, fair, safe, and stable insurance markets. Along with the 海角论坛鈥檚 Memoranda of Understanding (MoUs) with other jurisdictions, this agreement will serve as the framework for cooperation and allow for an exchange of information and work to strengthen the respective markets to the benefit of citizens in both areas. This ongoing dialogue will help better coordinate regulatory functions under each signatory's respective laws.
鈥淭he 海角论坛 has a dynamic relationship with the Prudential Authority, both in international fora, such as the IAIS, as well as bilaterally. We look forward to expanding our collaboration with them through this cooperation agreement. Together, we can strengthen and learn from each other and our respective markets," said Commissioner Godfread.
About the 海角论坛
As part of our state-based system of insurance regulation in the United States, the 海角论坛 (海角论坛) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the 海角论坛, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. 海角论坛 staff supports these efforts and represents the collective views of state regulators domestically and internationally.