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Insurance Industry Innovation

Mitchell, Williams, Selig, Gates & Woodyard,...

Insuring Innovation: Protecting Your Organization in the Age of Generative AI

The decision to integrate Generative AI (“GAI”) into an organization is one that occupies significant space these days in many corporate board rooms. In today’s rapidly evolving business landscape, the adoption of GAI...more

Goodwin

Insurtech Innovation in the Metaverse

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The metaverse will offer new forms of immersive entertainment, modes of social interaction, and opportunities for collaboration. It is also expected to generate tremendous economic value....more

Mitchell, Williams, Selig, Gates & Woodyard,...

National Association of Insurance Commissioners (NAIC) 2022 Summer Meeting Summary

The Mitchell Williams Insurance Regulatory team of lawyers recently attended the National Association of Insurance Commissioners (NAIC) 2022 Summer National Meeting which was held in Portland, Oregon on August 9-13th. We have...more

Mayer Brown

Insurance Technology and Innovation: Meeting Consumer Demands

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The way consumers purchase goods and services is rapidly changing, and insurance is no exception. AI, advanced analytics, smart devices and other technologies are enabling new capabilities, and insurance companies, together...more

Goodwin

ITC2021: The Past, Present and Future of Insurtech

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Last week, Goodwin’s Insurtech team traveled to Las Vegas for InsureTech Connect, the world’s largest annual insurance technology conference, which brought together key players and thought-leaders to showcase new innovation...more

Clark Hill PLC

Introducing the Insurtech Briefly Podcast

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Welcome to Insurtech Briefly, where Clark Hill attorneys Robert Tomilson and Scott Galla talk innovations in the insurance industry. ...more

Conyers

Innovation and Evolution

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The Bermuda Monetary Authority (BMA) has moved to place emphasis on innovation, with legislation being introduced to promote innovation across the insurance sector. In mid-2018, changes to the Insurance Act 1978...more

Cooley LLP

Alert: Making the Leap: Insurtech to Insurer

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As we have previously written, many insurtech companies, and their investors, eventually face the choice of whether to remain an insurance producer (i.e., an insurance agency, brokerage or managing general agent), licensed to...more

Goodwin

Fintech 2020: A Global Survey on the State of Financial Technology

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Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

Eversheds Sutherland (US) LLP

NAIC Report – 2019 Fall National Meeting

The National Association of Insurance Commissioners (NAIC) held its 2019 Fall National Meeting from December 7 through 10 in Austin, Texas. Notable developments from the Fall National Meeting include: ..Bermuda, Japan and...more

Cooley LLP

Alert: ITC Conference Highlights

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The Cooley team had a busy ITC, attending seminars and breakouts, meeting clients and contacts and immersing themselves in the world of Insurtech. ...more

Cooley LLP

Blog: Big Data and Insurance – The Regulatory Approval Process for Insurtech Data Models

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Data is often the key ingredient to an insurtech’s success. From the use of drone data to automatically pay insurance claims after a hurricane, to AI that can predict the likelihood of insurance fraud – big data has the...more

Cooley LLP

Blog: The future of insurance regulation in a time of technological change: a perspective from the NAIC’s Spring Meeting 2019

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A key part of the counsel we provide to our insurtech clients is assisting them in navigating the insurance regulatory landscape, with 50 separate state-based legal systems regulating the insurance industry....more

Akin Gump Strauss Hauer & Feld LLP

Kentucky Adopts First Legislation Creating an InsurTech Innovation “Sandbox.”

Kentucky House Bill 386 is the first comprehensive framework for an insurance regulatory “sandbox” in the nation. It allows companies, even those without an insurance license, to market their inventions in a tailored...more

Locke Lord LLP

LL Surplus Lines Series (Entry 1): Blog Series Launch

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Locke Lord is pleased to announce the launch of its newest blog series, the LL Surplus Lines Series! The LL Surplus Lines Series is designed to help the insurance industry keep up with the newest developments in the area...more

Locke Lord LLP

Washington, D.C. Establishes Financial Services Regulatory Sandbox and Innovation Council

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Washington, D.C. Mayor Muriel Bowser recently established the District of Columbia Financial Services Regulatory Sandbox and Innovation Council (the “Council”). The Council has been tasked with analyzing and reporting on the...more

Locke Lord LLP

Distribution and Claims-Focused InsurTechs: Understanding Licensure and Top 5 Regulatory Issues

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Welcome back to your weekly dose of InsurTech insight. Hopefully in time you’ll come to think of us as a kind of General Assembly for InsurTechs, but instead of learning technological skills, you’ll learn practical...more

Locke Lord LLP

Insurance Industry for InsurTech Noobs

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So you developed the newest insurance innovation that is going to revolutionize the industry -congratulations! But we also have a couple of questions: - What sector of the industry? Property & Casualty? Life? Health?...more

Carlton Fields

NAIC Summer National Meeting Spotlights Innovation and Insurtech

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In response to the accelerating pace of change, the NAIC’s Summer National Meeting in Boston focused on innovation and insurtech....more

Akin Gump Strauss Hauer & Feld LLP

California Public Disclosure Rule May Mean Trouble for Insurtech

• Insurtech start-ups are using technology to improve the underwriting process and obtain a competitive advantage. • The CDI’s new legal opinion clarifies that even proprietary underwriting rules must be available to the...more

Saul Ewing LLP

Four Key Takeaways from Saul Ewing Arnstein & Lehr’s Seminar on InsurTech Fundamentals and Compliance Strategies for...

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Demands from millennials, who now represent the largest living generation, combined with a variety of technology advancements—such as Big Data, blockchain and artificial intelligence—are driving innovation across all stages...more

Saul Ewing LLP

InsurTech Innovations in Life Insurance: Reaching the Largest Living Generation

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According to the U.S. Census Bureau, millennials are now the largest living generation. As the generational makeup of customer bases evolve, so too do customer expectations in how they apply for and obtain insurance....more

Carlton Fields

Expect Focus - Volume IV, December 2017

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EXPECTFOCUS is a quarterly review of developments in the insurance and financial services industry, provided on a complimentary basis to clients and friends of Carlton Fields Jorden Burt, P.A. ...more

Carlton Fields

When Innovation Meets Regulation - The Effect of InsurTech on Insurance Rebating Laws

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The rise of InsurTech — which brings technological innovations to the business of insurance — has recently had a significant impact on the insurance industry, including through advancements in cybersecurity tools, the...more

Locke Lord LLP

American Insurance Association Urges NAIC to Create Regulatory “Sandboxes”

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At the NAIC’s Innovation and Technology Task Force meeting held last week in Hawaii, the American Insurance Association (“AIA”) urged state insurance regulators to adopt legislation that would create “sandboxes” wherein...more

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