US Federal Reserve seeks experts for insurance advisory committee

The U.S. Federal Reserve is looking to appoint new experts to serve on its insurance policy advisory committee.

In an announcement, the federal banking system said it seeks a range of perspectives, including from property and casualty insurers and reinsurers, insurance brokers and academia. The Fed is also seeking expertise from consumer advocates and experts on issues facing communities that are underserved by the insurance industry.

Each year the board of the Fed appoints seven new advisors and fills any vacancies caused by the unexpected departure of committee members.

In total, the committee is comprised of 21 members, who serve staggered three-year terms.

Experts interested in being considered for the committee must send a statement of interest to, or can send their expression of interest by post. They must do so by the first Monday of October to be considered for appointment to the committee during Q4.

Additional information about the selection process and further details can be found in the Fed’s notice, published in the Federal Register.