Wednesday, January 8 | 2:30 pm ET
Locke Lord corporate and regulatory insurance Partners Brian Casey and Ben Sykes hosted an open organizational conference call for insurtechs and those interested in how insurtechs will be regulated going forward. The goal was 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.
With the National Association of Insurance Commissioners and many individual state insurance departments looking to develop laws, regulations and interpretations directly impacting the viability and profitability of InsurTechs, cohesive messaging is crucial to furthering the goals of the industry and for InsurTechs to have their own voice, focused on how insurance regulation affects their businesses.
The post 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. appeared first on Insurance & Reinsurance.