Jon Biasetti (Chicago) led a Locke Lord team representing Oscar, a tech-driven health insurance company, in a joint venture with Cigna, a leading global health service company. Cigna and Oscar will jointly provide fully insured health benefits under the Cigna + Oscar brand to the small group market, and share risk thereon through reinsurance.
InsurTech
Webinar: Insurance IT Strategy and Regulatory Compliance–NYDFS, NAIC and CCPA
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.…
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.
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.…
Locke Lord is Excited to Participate During Selection Days at the Hartford InsurTech Hub
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.…
Ben Sykes to Speak at Insurtech on the Silicon Prairie
Ben Sykes will serve as a panelist at the Insurtech on the Silicon Prairie conference on Oct. 22. His topic is insurtech/innovation and regulatory modernization. The annual conference is a one-day event bringing national experts, companies, and regulators together to discuss the rapidly changing insurance landscape.…
Complimentary Webinar: Insurance IT Strategy and Regulatory Compliance: AI, CCPA and NY DFS
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.…
Insurance Technology Strategy and Regulatory Compliance, Vol. 1
Locke Lord’s Regulatory and Transactional Insurance Practice Group has teamed with Novarica, a leading insurance industry technology research, advisory services and consulting firm, to address the impact of evolving insurance regulation on information technology systems of insurance and reinsurance companies. Atlanta Partner Brian Casey, Co-Leader of Locke Lord’s Regulatory and Transactional Insurance Practice Group, Hartford Office Managing Partner Ted Augustinos, member of the steering committee of the Firm’s Privacy and Cybersecurity Group, and Chicago Partner Ben Sykes co-authored the first installment of a quarterly report with Novarica on insurance technology strategy and regulatory compliance.…
New York DFS Announces New Research and Innovation Division
On July 23, the Financial Services Superintendent Linda A. Lacewell announced the establishment of the New York State Department of Financial Services (“NYDFS”) Research and Innovation Division (the “Division”). Superintendent Lacewell stated, “this new division…position[s] DFS as the regulator of the future, allowing the Department to better protect consumers, develop best practices, and analyze market data to strengthen New York’s standing as the center of financial innovation.”…
InsurTech Weekly Roundup – July 26, 2019
While you were off changing the industry, you may have missed these important developments…
InsurTech Weekly Roundup – June 21, 2019
While you were off changing the industry, you may have missed these important developments…