The Insurance Regulatory Information System (IRIS) is a database of insurance companies in the United States run by the National Association of Insurance Commissioners. IRIS is designed to provide information about insurers' financial solvency.
YouTube Encyclopedic
-
1/3Views:9 2644234 878
-
IRDA Documentary Film
-
Does the SEC Regulate Banks, All Insurance Companies, Mutual Funds? FY2015 Budget (2014)
-
So you want to be a Medical Records and Health Information Technician
Transcription
Rating method
IRIS uses the financial statements of the insurer to calculate a series of financial ratios, which are then taken as a measure of the insurer's overall financial condition. If the ratios do not fit into a predetermined range, then IRIS may identify the company for regulation by appropriate authorities.
The system acts as an early-warning protection, which aids state insurance departments to pick out those companies that show financial problems. The ratios are merely guidelines, though: often a financial disaster comes without warning, or defies prediction.[1]
References
- ^ Ludhardt, C. M.; Wiening, E. A. (2005). ""Insurance Regulatory Information System (IRIS)"". Property and Liability Insurance Principles (4th ed.). ISBN 978-0-89463-249-5.
 | This insurance-related article is a stub. You can help Wikipedia by expanding it. |
This page was last edited on 15 July 2019, at 04:39