Topic: InsurTech

NAIC Adopts Amendments to the Unfair Trade Practices Act Model Pertaining to Anti-Rebating

by Benjamin Sykes and Lee Ann Ali | Dec 11, 2020 | ,

The NAIC Innovation and Technology (EX) Task Force met December 4th and discussed and adopted model law language amendments to the Unfair Trade Practices Act (#880) pertaining to anti-rebating. The adopted amendments permit the offer or provision by insurers or producers, by or through employees, affiliates or third party representatives, of value-added products or services at no or reduced cost when such products or services are not specified in the policy of insurance if the product or service relates to the insurance coverage and meets certain other specified criteria.

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Webinar: Insurance IT Strategy and Regulatory Compliance–NYDFS, NAIC and CCPA

Dec 31, 2019 | , , |

On January 9 from noon-1:00 p.m. CT, Locke Lord LLP and Novarica will look at new regulatory developments in analytics, use of data, and data security that have the potential to affect insurer technology strategy. This webinar covers the similarities and differences between NYDFS Cybersecurity Regulation and NAIC Data Security Model Law, the recent updates to the California Consumer Privacy Act of 2018, and the potential innovation opportunities and limitations surrounding insurance regulatory sandboxes.

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Open Teleconference for the formation of InsurTech America, a coalition available to U.S.-based and non U.S.-based Insurtech companies transacting business in the U.S.

by Brian Casey and Benjamin Sykes | Dec 12, 2019 | |

Locke Lord corporate and regulatory insurance Partners Brian Casey and Ben Sykes will host an open organizational conference call for insurtechs and those interested in how insurtechs will be regulated going forward. The goal is to present a united voice for addressing the regulatory and legal challenges related to the adoption of new technologies-driven changes precipitated by insurtech businesses challenging and reforming insurance products, underwriting, distribution and claims models.

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Locke Lord is Excited to Participate During Selection Days at the Hartford InsurTech Hub

by Alexandra Cavaliere, Julie Mahaney and Kathleen Swan | Nov 8, 2019 |

Locke Lord is excited to participate during Selection Days as a partner of the Hartford InsurTech Hub on November 12-13, 2019. During Selection Days, investors, partners and mentors will meet with 21 promising startups, 10 of which the Hartford InsurTech Hub will welcome for their accelerator program beginning in mid-February.

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Complimentary Webinar: Insurance IT Strategy and Regulatory Compliance: AI, CCPA and NY DFS

by Benjamin Sykes, Brian Casey and Theodore Augustinos | Aug 14, 2019 | , ,

Locke Lord LLP and Novarica will look at new regulatory developments in analytics, use of data, and data security that have the potential to affect insurer technology strategy. This webinar covers the potential effects of regulation on the use of analytics and AI in life insurance underwriting, how privacy requirements may affect insurer data governance and MDM strategies, and how third-party data security requirements may affect distribution technology strategies.

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