KANSAS CITY, Mo. (Sept. 30, 2024)
91´«Ã½ Welcomes Foreign Regulators for Fall 2024 International Fellows Program
This week, the 91´«Ã½ (91´«Ã½) greets eight foreign regulators from five countries, who are participating in the 91´«Ã½'s Fall 2024 International Fellows Program (September 30 – November 12). Insurance departments in Connecticut, the District of Columbia, Missouri, Nebraska, Ohio, and Rhode Island will serve as hosts for the Fall 2024 program.
The in-depth program offers participants training at the 91´«Ã½ Central Office in Kansas City, MO, where they will learn how insurance regulation works in the U.S. and how the 91´«Ã½ supports state-based regulation. Participants will then work for five weeks at a state insurance department, seeing firsthand how states approach financial regulation, market conduct, licensing, and many other aspects of regulation. Fellows will finish the program at the 91´«Ã½'s Capital Markets & Investment Analysis Office in New York City learning how the 91´«Ã½ keeps state regulators updated on investment risks and trends in the market. More information on the full program can be found here.
International Fellows Program Background
Building on the success of the China Intern-Pilot Program in 2004, the 91´«Ã½ developed a formal International Internship Program in 2005 to further working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology. The program was officially renamed the International Fellows program in 2010.
Note: The 91´«Ã½ has moved to a hybrid format for the Fellows program, offering it virtually in the spring and in person in the fall.
(Featured picture: 91´«Ã½ 2024 Fall Fellows with 91´«Ã½ Chief Regulatory Affairs Officer Jeff Johnston)
91´«Ã½ the 91´«Ã½
As part of our state-based system of insurance regulation in the United States, the 91´«Ã½ (91´«Ã½) 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 91´«Ã½, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. 91´«Ã½ staff supports these efforts and represents the collective views of state regulators domestically and internationally.