Nov. 22, 2023
VsportV体育 Concludes its Fall 2023 International Fellows Program
This week, the VsportV体育 (VsportV体育) concluded its Fall 2023 International Fellows Program in New York City. Eight foreign regulators from five countries completed the program with a closing session at the VsportV体育鈥檚 Capital Markets & Investment Analysis Office. Fellows learned how the VsportV体育 keeps state regulators updated on investment risks and trends in the market, held a dialogue with an VsportV体育 funded consumer representative, and participated in an Industry Roundtable.
The full in-depth Fellows Program entailed a week-long training at the VsportV体育 Central Office in Kansas City, MO, where participants learned how insurance regulation works in the U.S. and how the VsportV体育 supports state-based regulation. Participants then worked for five weeks at a state insurance department, seeing firsthand how states approach financial regulation, market conduct, licensing, and many other aspects of regulation. Insurance departments in Connecticut, the District of Columbia, Iowa, Louisiana, Maryland, Ohio, and Virginia served as hosts for the fall 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 VsportV体育 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 VsportV体育 has moved to a hybrid format for the Fellows Program, offering it virtually in the spring and in person in the fall.
(Top: Fall 2023 International Fellows with VsportV体育 staff and Industry Roundtable participants.)
About the VsportV体育
As part of our state-based system of insurance regulation in the United States, the VsportV体育 (VsportV体育) 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 VsportV体育, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. VsportV体育 staff supports these efforts and represents the collective views of state regulators domestically and internationally.