NAIC Welcomes Foreign Regulators for Fall 2023 International Fellows Program
This week, the National Association of Insurance Commissioners (NAIC) greets eight foreign regulators from five countries, who are participating in the NAIC's Fall 2023 International Fellows Program (October 9 – November 21). State insurance departments in Connecticut, the District of Columbia, Iowa, Louisiana, Maryland, Ohio, and Virginia will serve as hosts for the Fall 2023 program.
The in-depth program entails training at the NAIC Central Office in Kansas City, MO, where participants will learn how insurance regulation works in the U.S. and how the NAIC supports state-based regulation. Participants will then work for five weeks at a state insurance department, seeing firsthand how states approach financial regulation, market conduct, licensing, and many other aspects of regulation. Fellows will finish the program at the NAIC's Capital Markets & Investment Analysis Office in New York City learning how the NAIC keeps state regulators updated on investment risks and trends in the market. 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 further working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology. The program was officially renamed the International Fellows program in 2010.
Note: The NAIC has moved to a hybrid format for the Fellows program, offering it virtually in the spring and in person in the fall.
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.