Frank Tomasello, Executive Director of The Institutes Griffith Foundation, recently sat down with Jon Godfread, Insurance Commissioner of North Dakota and President of the National Association of Insurance Commissioners (NAIC), to discuss the challenges of insurance regulation, the potential of artificial intelligence (AI) in the insurance industry, and the importance of bridging insurance protection gaps.

The Institutes Griffith Foundation is excited to launch a new series in collaboration with the NAIC’s Center for Insurance Policy and Research designed to bridge the gap between academic research and public policy. The series will spotlight articles appearing in the Journal of Insurance Regulation (JIR), which offer important insights for public policymakers. Biannual posts will distill complex research with the aim of promoting a deeper understanding of key issues. This initial post introduces the JIR and speaks to its history and mission. 

The Institutes Griffith Foundation sought the insight and expertise of Kevin Ahlgrim, PhD, on the impact of AI on the actuarial profession and on the public policy questions that have come to the fore.

The Institutes Griffith Foundation's Executive Director, Frank Tomasello, had an enlightening discussion with Michel Léonard, the Chief Economist and Data Scientist at the Insurance Information Institute, about the effects of inflation on insurance and the implications for insureds and insurers alike. What follows is a transcript of that conversation, which took place in October 2024, edited for length and clarity.