Fifty-Two Foreign Regulators to Participate in 2023 NAIC Spring Virtual International Fellows Program
This week, 52 regulators from 25 countries will take part in the week-long National Association of Insurance Commissioners (NAIC) Spring Virtual International Fellows Program (April 24–28).
The intensive course will support foreign regulators’ strong interest in learning about all aspects of the U.S. state-based insurance regulatory system, with virtual sessions including two-dozen recorded lectures by NAIC technical experts.
Background
Building on the success of the China Intern-Pilot Program in 2004, the NAIC developed a formal International Internship Program in 2005 to advance working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology. The NAIC formally renamed the program as the International Fellows Program in 2010.
Prior to the global pandemic, the program was held in person twice yearly. However, the program is now operated in a hybrid format: virtually in the spring and in person during the fall. This hybrid model allows the NAIC to reach a wider group of international regulators while maintaining the focused and detailed outreach and in-depth experience the program is highly regarded for globally.
During the fall session, the Fellows participate in a week-long orientation program at the NAIC’s Kansas City, Mo., office, focusing on the broad principles of insurance regulation in the United States. Each Fellow then travels to a different state for five weeks, working in technical areas of their specialization under the supervision of a state insurance department staff member, who serves as a mentor and host.
For more information on the International Fellows Program, contact the NAIC’s Nikhail Nigam.
About the National Association of Insurance Commissioners
As part of our state-based system of insurance regulation in the United States, the National Association of Insurance Commissioners (NAIC) 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 NAIC, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally.