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Superintendent Elizabeth Kelleher Dwyer Participates in AAJI Insurance Forum
On Monday, October 17, Elizabeth Kelleher Dwyer, Rhode Island's Superintendent of Banking and Insurance joined the panel "Boosting Financial Inclusion Through Digital Financial Literacy" at the Indonesia Life Insurance Association's (AAJI) Insurance Forum 2022. Sup. Dwyer discussed the ways in which U.S. states and insurance supervisors are working to improve both financial literacy among consumers, and the growth of the (life) insurance market. Specifically, she highlighted the ongoing work of the NAIC, both at the Innovation Cybersecurity and Technology Committee and the Special Committee on Race and Insurance financial education and inclusion, including the formation of our recent Foundation, supervisors' examination of algorithmic bias, and the educational content for use by individual states.
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.