A system established and operated by the National Association of Insurance Commissioners (NAIC) in the United States to monitor the financial condition of insurers for the purposes of detecting financial distress and preventing insolvency.
Uses financial ratios to measure insurers' financial strength. Developed by the National Association of Insurance Commissioners. Each individual state insurance department chooses how to use IRIS.
In the United States, an information system developed by the NAIC to help state regulatory agencies assess the financial stability of individual insurance companies by means of a series of ratios derived from the companies' statutory annual statements. | Back
This NAIC program consists of a series of ratios calculated from figures shown in company annual statements and is designed to give state regulators a prompt indication of possible financial problems.
Introduced by the National Association of Insurance Commissioners in 1974 to identify insurance companies that might require further regulatory review.
Information and early-warning system used by the National Association of Insurance Commissioners (NAIC) to keep track of the financial soundness of insurers.
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.