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NAIC Returns to In-Person International Fellows Program, Welcomes Foreign Regulators for Fall 2022
This week, the NAIC welcomes eight foreign regulators from five countries to take part in the National Association of Insurance Commissioners' Fall 2022 International Fellows Program (October 10 – November 22). This is the first Fellows program to be offered in person since the pandemic and is a return to the full six-week program.
The intensive program includes training at the NAIC Central Office in Kansas City, Missouri, where participants will learn how insurance regulation works in the U.S. and how the NAIC supports state-based regulation. Participants will spend five weeks working at a state insurance department, where they will see firsthand how states approach financial regulation, market conduct, licensing, and many other aspects of insurance regulation. Finally, fellows will conclude the program at the NAIC's Capital Markets & Investment Analysis Office in New York City learning how the NAIC keeps state regulators informed regarding investment risks and trends in the market.
NAIC program coordinators are excited about resuming the in-person program and continuing to offer a virtual format during the spring program. More information on the full program can be found here.
International Fellows Program 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 program was formally renamed the International Fellows program in 2010.
Note: The NAIC has moved to a hybrid-format going forward for the Fellows program, offering it virtually in the spring and in-person in the fall.
(Above: Fall 2022 International Fellows with NAIC Chief Operating Officer and Chief Legal Officer Andy Beal [center])
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.