WASHINGTON (Sept. 19, 2019) — The National Association of Insurance Commissioners (NAIC) today released the second volume of the 32nd edition of the Insurance Department Resources Report (IDRR). The report is intended to help state insurance departments assess their resources in comparison to other states. It details how state insurance departments manage available resources to effectively regulate a complex and competitive industry.
The first volume, published in August, included data on staffing, budgeting and examination information. The second volume includes admitted premium by state, by line of business; excess and surplus lines premium; and relational statistics including budget as a percent of revenues, budget as a percentage of premiums and revenues as a percentage of premiums.
As well as being an important assessment tool for state insurance departments, the IDRR is a helpful reference for state legislators, federal regulators and other public policymakers.