Insurance Regulatory Information System (IRIS)

The Insurance Regulatory Information System (IRIS) is a tool used by state insurance regulators in the United States to assess the financial health and stability of insurance companies. It involves a set of financial ratios derived from insurers' annual financial statements. These ratios help identify potential risks and weaknesses within an insurance company, enabling regulators to take appropriate actions if necessary. By monitoring these indicators, IRIS aims to protect consumers and ensure that insurance companies can meet their obligations to policyholders.