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Therese (Terri) M. Vaughan, Ph.D., ASA, ACAS, MAAA, CPCU

Robb B. Kelley Visiting Distinguished Professor/Insurance and Actuarial Science

Dr. Vaughan is a leading expert in insurance regulation, having spent the bulk of her career as a scholar of regulation, an insurance regulator, and a representative of U.S. insurance regulation domestically and internationally.  She is currently the Robb B. Kelley Visiting Distinguished Professor of Insurance and Actuarial Science at the College of Business and Public Administration at Drake University.  From 2009 to 2012, she was the CEO of the NAIC, where she led the NAIC’s response to the financial crisis.  In addition to domestic efforts, she represented the U.S. insurance regulatory system internationally, as a member of  the Executive Committee of the International Association of Insurance Supervisors (IAIS) and of the steering committing for the U.S./E.U. Insurance Dialogue Project.   In 2012, she chaired the Joint Forum, a Basel, Switzerland-based group of banking, insurance, and securities supervisors.

Prior to joining the NAIC, Dr. Vaughan spent time in both academia, as the Robb B. Kelley Distinguished Professor, and in regulation, as Iowa Insurance Commissioner and NAIC President.  She is the longest-serving and first female insurance commissioner in Iowa.   During her years in regulation, Dr. Vaughan led a number of modernization efforts, including financial data reengineering, development of the life insurance interstate compact, producer licensing reform, solvency modernization, and others.

Dr. Vaughan earned a Ph.D. in risk and insurance at the University of Pennsylvania and a B.B.A. in insurance and economics at the University of Iowa.  She is the co-author of two college textbooks on insurance, a past editor of the Journal of Insurance Regulation and a past president of the American Risk and Insurance Association.  She has been recognized as one of the Top 25 Living Legends of Insurance (National Underwriter, 2012), Top 50 Women in the Insurance Industry (Reactions magazine, 2014), Distinguished Fellow of the IAIS (2013), Insurance Woman of the Year (Association of Professional Insurance Women, 2014), one of 24 insurance industry key influencers (Best’s Review, 2016), and one of the most influential corporate board directors (WomenInc., 2018).

Contact Information

Phone: 515-271-2377
Mailing Address:
    2507 University Ave
    Des Moines, IA 50311
Office: Aliber Hall


Ph.D., Applied Economics with concentration in Risk and Insurance, University of Pennsylvania

B.B.A., Economics and Insurance, University of Iowa

Areas of Expertise

  • Regulation of Financial Institutions
  • Insurance Regulation
  • Risk Management