Therese M. Vaughan, Ph.D., has been selected as this year’s recipient of the Association of Professional Insurance Women Insurance Woman of the Year Award. The award recognizes a woman who has achieved prominence in her profession and has made significant contributions to the insurance industry.
Vaughan began her career as a professor of risk management and insurance, said the Association of Professional Insurance Women (APIW). She was Iowa Insurance Commissioner for more than 10 years. In 2005, Vaughan became the Robb B. Kelley Distinguished Professor of Insurance and Actuarial Science at Drake University. She taught courses on the management of financial institutions and financial regulation, served as a director on corporate boards, authored articles, and revised a textbook.
From 2009 to 2012, Vaughan served as the CEO of the National Association of Insurance Commissioners (NAIC), APIW said. She was an active participant in international regulatory deliberations, representing the NAIC as a member of the Executive Committee of the International Association of Insurance Supervisors and as a member of the steering committee 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 that studies and makes recommendations on cross-sectoral issues.
Today, Vaughan is a corporate director, public speaker and author, APIW said. She serves as a director of IFG Cos., Validus Holdings, Verisk Analytics and Wellmark Blue Cross and Blue Shield. Young women she has mentored are found in risk management and insurance positions globally.
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