Insurance Regulatory Information System

The Insurance Regulatory Information System (IRIS) is a tool used by state insurance departments to monitor the financial health of insurance companies. It collects standard financial data from insurers to identify those that may be experiencing financial difficulties. By analyzing key financial ratios and trends, IRIS helps regulators detect potential problems early, ensuring that insurance companies remain solvent and can fulfill their obligations to policyholders. This system promotes transparency and stability within the insurance industry, protecting consumers and maintaining trust in the market.