National Association of Insurance Commissioners President Scott White outlined the organization’s ongoing work to modernize state insurance supervision in a keynote address covering artificial intelligence, financial solvency and natural catastrophe risks. The most immediate initiatives include continued development of an AI Risk Evaluation Supplement through a 12-state pilot and a regulatory framework to strengthen oversight of third-party data and model vendors. On solvency, the NAIC is developing standards to assess investment risk, scrutinizing external ratings and seeking greater transparency and analysis of insurers’ portfolios as private credit and offshore reinsurance structures expand. Its catastrophe work includes modeling, mitigation programs and regulatory tools across more than 20 states. White also highlighted recent homeowners insurance data covering 2018 through 2024, which showed a generally strong market alongside regional stress and availability constraints in some higher-risk areas, with a previously issued data call expected to provide more granular information on affordability, availability and nonrenewals.
National Association Of Insurance Commissioners2026-08-12
National Association of Insurance Commissioners president outlines AI oversight, private credit and catastrophe risk priorities
National Association of Insurance Commissioners President Scott White outlined ongoing reforms covering AI, private credit and catastrophe risk. Work includes a 12-state pilot of an AI Risk Evaluation Supplement, stronger oversight of third-party data and model vendors, and enhanced scrutiny of insurers’ investment portfolios. The NAIC is also expanding data and analytical tools for homeowners insurance markets.