FOR IMMEDIATE RELEASE

NAIC Releases 2017 Annual Report – A Blueprint for Strategy

MILWAUKEE (March 26, 2018) —The National Association of Insurance Commissioners (NAIC) today released its 2017 Annual Report "A Blueprint for Strategy." The report outlines the financial health of the NAIC, focuses on initiatives and operations directly impacted by the budget, and illustrates the efforts state insurance regulators made safeguarding insurance markets and protecting consumers.

"2017 was a strong year for the NAIC, not only from an operational standpoint, but also from a regulatory standpoint," said Ted Nickel, the NAIC's Most Recent Past President and Wisconsin Insurance Commissioner.

The annual report provides a review of regulatory activities in the following areas: operations and technology, financial regulation, consumer education, market regulation and health, federal and international policy.

"In 2017 state insurance regulators were heard in Washington D.C. and in international forums as credible, non-partisan resources on tough issues like health insurance reform, international agreements and disaster response," said Julie Mix McPeak, NAIC President and Tennessee Commissioner of Commerce and Insurance. "While the future of these issues is still being determined, increased state flexibility and authority are a direct result of our approach."

The report also outlines the NAIC's three year strategic plan, State Ahead. "We began discussions on State Ahead in 2017 and it's the roadmap that will provide the organization the guidance it needs to navigate through the next three years," said Nickel.

The report includes the organization's audited financial statements and features a video in which Nickel, McPeak, NAIC CEO Michael F. Consedine and COO/CLO Andy Beal recap the year.

About the NAIC

The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization created and 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 review, and coordinate their regulatory oversight. NAIC staff supports these efforts and represents the collective views of state regulators domestically and internationally. NAIC members, together with the central resources of the NAIC, form the national system of state-based insurance regulation in the U.S. For more information, visit www.naic.org.

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