The Foundation's program is the world's only university-based educational program exclusively for insurance regulators.
Since 1990 over 600 regulators from all over the United States, territories and other countries have participated in this program.
The course structure includes reading assignments, lectures, panel discussion and case studies. Twenty to tweny-five participants per year attend the program. The school is an intermediate educational program for financial regulators with two to five years of experience, who possess a general understanding of the insurance industry, financial accounting and reporting, as well as the regulatory environment in which insurers operate.
The program includes a cross section of speakers. Attendees hear presenters from the regulatory community, academia, insurance industry, and private sector service organizations. One of the highlights of the program is a computerized game that allows the participants to manage an insurance company in a variety of challenging economic conditions.
Room, board and course fees are fully paid by the Foundation. Travel to and from the program are paid by insurance departments or other available sources. As a reflection of the interest in the program, several students have used their own funds for travel to the University.
In 2004, the program moved from Drake University in Des Moines, Iowa to Illinois State University's Katie Insurance Center in Normal, Illlinois. Topics of study are selected according to pertinent issues and trends facing the industry, as well as input from the Foundation's Board of Directors. The Katie Insurance School started nearly 20 years ago, and is now among the preeminent insurance schools for undergraduates in the nation.
What is it?
A program for insurance financial examiners and analysts to gain fundamental knowledge of key functions, emerging issues, and to develop critical skills.
- Industry Outlook (Life, Health, and P&C Issues)
- Reserving Analysis
- Identifying Troubled Companies (Case Studies Insurance Company Failures)
- The Role and Challenges of the Insurance Financial Regulator
- Financial Statement Analysis
- Legislative and Regulatory Issues
- Role of Other Industry Analysts
- Risk Assessment Through Interviewing
Instructors for the program come from a combination of professionals from the regulatory, academic and insurance industry community.
The IREF school at Illinois State University has consistently received high ratings from the state regulators that have attended the program. The Board of Directors of the IREF relies on these written evaluations to ensure that program is of high quality and meets the expectations of the participants. Below are illustrative of the comments typically received from attendees over the many years the program has been offered.
The value of the program not only comes from the education and training material provided but the opportunity to meet and network with other state regulators. The relationships created will be beneficial throughout the careers of these participants as well as the state insurance regulatory system.
2021 Regulators School
As of April 1 it is not known whether an in-person school will be held at the Illinois State University campus this summer. When a determination is made further information will be provided here. In the event an in-person school is not held a series of webinars will be offered. Details on these webinars will be posted on the website.
"Most comprehensive insurance regulation program I have knowledge of existing! The international insurance information was fascinating and eye-opening. I will be following these developments for my department."
"Having industry professionals teaching /instructing is very valuable. The break-out sessions were very useful; I enjoyed them."
"The information that was presented was great. The presenters were very knowledgeable!"