NAIC Announces 2025 Initiatives

Advancing State-Based Regulation at Home and Abroad

WASHINGTON, Feb. 14, 2025 /PRNewswire/ -- The National Association of Insurance Commissioners (NAIC) announced its 2025 roadmap today: "Securing Tomorrow: Advancing State-Based Regulation." This roadmap for the year ahead is designed to support the mission of state insurance regulators to protect consumers and monitor industry solvency.

Advancing state-based insurance regulation and balancing the dynamics of the insurance marketplace involve enhancing local oversight and adapting to regional insurance needs, ensuring that every policyholder receives reliable coverage and service.

"As state insurance regulators and NAIC Members, our efforts are anchored by two core principles:  maintaining fair, sound, and stable insurance markets, and protecting and educating consumers," said NAIC President and North Dakota Insurance Commissioner Jon Godfread. "Insurance remains a cornerstone of everyday security — it protects our homes, vehicles, and livelihoods. With the industry and marketplace rapidly evolving in response to emerging technologies, catastrophe risks, and economic shifts, state insurance regulators will continue collaborating with all stakeholders to ensure that insurance products remain accessible."

The 2025 initiatives include:

• Aligning Communication Strategies and Services: Enhancing communication methods and platforms will allow for expanded outreach and education for consumers and stakeholders about the work and resources of state insurance regulators.
• Amplifying the State-Based Insurance Regulatory System Domestically and Abroad: As the U.S. insurance market becomes increasingly interconnected with the global economy, the NAIC will increase awareness and understanding of the state-based system on the national and international stage.
• Ensuring Resilience, Relevance, and Prosperity for Generations to Come: Strengthening financial governance, addressing regulatory arbitrage risks, and modernizing the Risk-Based Capital (RBC) framework will address the demands of the rapidly evolving market. Additionally, advancing financial literacy will reinforce the essential role of insurance in personal and community financial health.
• Focusing on Committee Priorities: The NAIC's Member-led committees are the backbone of advancing enhancement to our regulatory system across a range of fronts. The committee chairs and vice chairs, announced last month by the NAIC, will play a key role as regulators continue to focus on priority issues such as artificial intelligence, risk-based capital, catastrophe risks, protecting retirement savings, examining health insurance market dynamics, and engaging with our international counterparts, to name a few.

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SOURCE NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS