FOR IMMEDIATE RELEASE
NAIC Releases 2015 Annual Report – To Serve and Protect in the Digital Age
WASHINGTON, D.C. (April 03, 2016) — The National Association of Insurance Commissioners (NAIC) today released its 2015 Annual Report. The report, “To Serve & Protect in the Digital Age,” illustrates how regulators are working together in the ever-evolving high-tech landscape to ensure the success and security of state-based regulation and provide consumer protections.
“This year’s theme demonstrates our commitment to strengthening state-based insurance regulation in the face of cyberattacks and protecting consumer rights,” said John M. Huff, NAIC President and Missouri Insurance Director. “We are constantly working to strengthen the vitality and stability of our system in the face of new challenges such as cybersecurity.”
The report provides a review of regulatory activities in the following areas: government relations, international insurance supervision, financial regulation, market regulation, operations, data and technology and consumer education.
“Regulators excel at finding solutions,” said Monica J. Lindeen, the NAIC’s most recent Past President and Montana Insurance Commissioner. “I’m very pleased with all we accomplished in 2015, especially in the area of consumer protection.”
The report features a welcome video
highlighting the NAIC’s 2015 from the perspectives of Huff, Lindeen and NAIC Chief Operating Officer and Chief Legal Officer Andrew J. Beal. A copy of the NAIC's audited financial statements is also included.