The National Association of Insurance Commissioners (NAIC) has released a proposed 2027 budget to expand shared regulatory technology, data analysis and workforce capacity for state insurance departments. Operating expenses would total USD 204.1 million, up 5.5% from 2026 projections, against operating revenue of USD 191.5 million, up 3.7%. Budgeted investment income of USD 7.7 million would reduce the USD 12.6 million operating shortfall to USD 4.9 million. Technology proposals include USD 4.2 million in expenses and USD 2.2 million in capital investment for the next stages of System for Electronic Rate and Form Filing (SERFF) modernization. Work would complete implementation for 10 early adopter jurisdictions and prepare expansion to a second group through data migration, training and improvements to reporting and review tools. A separate USD 350,000 project would establish a single authoritative source of company and contact data for the Financial Data Repository, replacing fragmented systems and manual processes. The SERFF transaction fee would rise from USD 21 to USD 23 to cover ongoing modernization costs. The budget also requests 26 full time equivalent positions across regulatory support, technology and member services, among other functions. These include four credit analysts to help address a backlog as private letter rating filings have risen from roughly 2,000 to more than 12,000 annually. A proposed partnership with the Society of Financial Examiners would develop online training and examinations for financial regulators over 2027–2028, with USD 125,000 budgeted for 2027.

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