The National Association of Insurance Commissioners published NAIC President and North Dakota Insurance Commissioner Jon Godfread’s opening-session keynote from its Spring National Meeting in Indianapolis, outlining the 2025 strategic roadmap “Securing Tomorrow: Advancing State-Based Regulation” and the priorities it is intended to drive across state insurance regulation. The roadmap emphasises catastrophe resilience and consumer-focused market strengthening, including state-led mitigation initiatives and the NAIC’s National Climate Resilience Strategy for Insurance. Godfread also flagged catastrophe-driven strain and rising reinsurance costs as a focus for near-term “real-world problem solving” with regulators, industry leaders and other stakeholders across both property and life reinsurance markets. Other highlighted workstreams include financial literacy and transparency initiatives, cybersecurity incident and market disruption frameworks, enhanced consumer privacy protections, annuity consumer protections, monitoring implementation of the insurance capital standard, and protecting consumer access to health insurance. Separately, the NAIC has launched the RBC Model Governance Initiative, described as a holistic review of the risk-based capital framework, co-chaired by Ohio Department of Insurance Director Judy French and Wisconsin Insurance Commissioner Nathan Houdek, with Iowa Insurance Commissioner Doug Ommen and South Carolina Director Michael Wise as co-vice chairs. The keynote also set out an initiative to build targeted partnerships with international regulatory bodies to promote understanding of the US state-based regulatory model.

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