If you have a “diverse set of expert insurance perspectives” and are itching to share those views with central bank policy makers, the Federal Reserve wants to talk to you.
The Fed said Monday it is looking for the insurance experts in property-and-casualty and reinsurance issues to serve on its Insurance Policy Advisory Committee (IPAC). The committee advises the Fed Board on international capital standards and other insurance matters, the agency said.
The 21 members of the panel (who serve staggered, three-year terms) typically have, according to the Fed, “diverse professional backgrounds,” including insurance accounting, actuarial science, academia, insurance regulation, and policyholder advocacy.
The Fed said it annually selects seven new members for the panel – or more, if an incumbent has vacated a seat.
Interested individuals have two months (from Monday, Aug. 7, to Oct. 2) to submit a “statement of interest” for appointment to the panel. Final selections are expected to be announced later this year.