In this video from the inaugural Mid Rivers Risk Forum, Angela Nelson, director of the Missouri Department of Commerce and Insurance, discusses the importance of collaboration between regulators and the insurance industry to sustain competitive markets. Ms. Nelson emphasizes Missouri's pragmatic approach to regulation—striking a balance between consumer protection and maintaining an attractive business environment for insurers. She reflects on the cyclical nature of the insurance industry and the value of learning from history to shape better policy decisions. Ms. Nelson also highlights Missouri's unique position in the national insurance landscape—with two Federal Reserve Banks and the US standard-setting organization for insurance located in Kansas City—making it an ideal location for discussions about the future of risk management and captive insurance.