Kansas City, MO (Oct. 10, 2022)
Â鶹´«Ã½ Returns to In-Person International Fellows Program, Welcomes Foreign Regulators for Fall 2022
This week, the Â鶹´«Ã½ welcomes eight foreign regulators from five countries to take part in the Â鶹´«Ã½' Fall 2022 International Fellows Program (October 10 – November 22). This is the first Fellows program to be offered in person since the pandemic and is a return to the full six-week program.
The intensive program includes training at the Â鶹´«Ã½ Central Office in Kansas City, Missouri, where participants will learn how insurance regulation works in the U.S. and how the Â鶹´«Ã½ supports state-based regulation. Participants will spend five weeks working at a state insurance department, where they will see firsthand how states approach financial regulation, market conduct, licensing, and many other aspects of insurance regulation. Finally, fellows will conclude the program at the Â鶹´«Ã½'s Capital Markets & Investment Analysis Office in New York City learning how the Â鶹´«Ã½ keeps state regulators informed regarding investment risks and trends in the market.
Â鶹´«Ã½ program coordinators are excited about resuming the in-person program and continuing to offer a virtual format during the spring program. 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 Â鶹´«Ã½ developed a formal International Internship Program in 2005 to advance working relations with foreign markets, emphasizing the exchange of regulatory techniques and technology. The program was formally renamed the International Fellows program in 2010.
Note: The Â鶹´«Ã½ has moved to a hybrid-format going forward for the Fellows program, offering it virtually in the spring and in-person in the fall.
(Above: Fall 2022 International Fellows with Â鶹´«Ã½ Chief Operating Officer and Chief Legal Officer Andy Beal [center])
About the Â鶹´«Ã½
As part of our state-based system of insurance regulation in the United States, the Â鶹´«Ã½ (Â鶹´«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 Â鶹´«Ã½, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. Â鶹´«Ã½ staff supports these efforts and represents the collective views of state regulators domestically and internationally.