What is the purpose of the Insurance Information Institute (III)?

The purpose of the Insurance Information Institute (III) is to provide information and education about insurance. This organization plays a crucial role in increasing public understanding of insurance topics, ultimately helping consumers make informed decisions. III offers resources such as research, statistics, and educational materials to demystify insurance concepts and issues, thereby equipping consumers, media, and industry professionals with essential knowledge about various insurance products and practices.

While regulating the insurance industry, offering insurance policies, or managing claims might be functions associated with other organizations or sectors within the insurance field, the specific focus of the III is to serve as an informational resource, thereby enhancing awareness and comprehension of insurance matters among the public.