Leading the Way in Insurance Regulation with Commissioner Jon Godfread

As spring approaches, the National Association of Insurance Commissioners kicked off the year with their Spring meeting in Indianapolis, March 22 through the 26. This meeting marks the beginning of North Dakota Commissioner Jon Godfread’s term as President of the multi-jurisdictional group. In honor of Commissioner Godfread’s time at the helm of the National Association of Insurance Commissioners (NAIC), we are re-releasing the previously recorded Champions & Challengers episode with Commissioner Godfread and Greg Lestini, recorded in 2023 at the NAIC spring national meeting in Louisville.

Commissioner Godfread kicked off his term as president with a stirring speech at the opening session in Indianapolis. His comments focused on accessibility for consumers, the importance of state-based regulation, and the importance of America acting as an example of regulatory efficiency and compliance for the rest of the world. We congratulate Commissioner Godfread on his elevation to President and are thrilled to share our episode discussing so many important topics in insurance and insurance regulation.

The conversation covers:

• The balance between innovation and consumer protection in the insurance industry

• The impact of emerging technologies like AI, machine learning, and blockchain on regulation

• The importance of data management and adaptable regulatory frameworks

• The role of governance in fostering both market growth and consumer safety

• The need for collaboration between regulators and industry leaders

With Commissioner Godfread now leading NAIC, his insights into state-based regulation and America’s role in global regulatory efficiency are more important than ever. Tune in for an engaging discussion on the future of insurance and what lies ahead under his leadership.