NAIC News
What Concerns Regulators About Data Analytics
In dystopian fantasies, artificial intelligence and robots take over the world, acting on their own and becoming completely uncontrollable for their human creators. We're not there yet, and may never ...
NAIC Panelist: Catastrophe Modeling Is in Demand, Well Beyond P/C Insurance
Catastrophe modeling is going mainstream, well beyond the world of property/casualty insurance underwriting. It is becoming a necessary tool as consumers and the municipalities in which they live ...
Lloyd’s CEO Beale Urges Regulators: ‘Try and Keep Up’ With Technology Innovations
As insurers try to innovate and address the rapidly changing needs of their clients, Lloyd's of London CEO Inga Beale has a message for regulators who oversee them: "Try and keep up." Beale, speaking ...
Super Regional Carriers Gain by Educating ‘Suspicious’ Regulators About Tech Advances
"We're curious and we don't know. When regulators don't know what's going on, they get suspicious." That was Wisconsin Insurance Commissioner Ted Nickel acknowledging that like the industry they ...
NAIC Task Force Mulls Consumer Disclosure Requirement on Big Data Collection
The incorporation of big data from Internet-based sources is a defining feature of underwriting and rating in today's property/casualty insurance market. In light of that, the National Association of ...
NAIC President Vows to Help Insurers Innovate
Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would ...
Insurers Can be Too Risky But Not Too Big: NAIC President
Although the Financial Stability Oversight Council created by Dodd–Frank Wall Street Reform and Consumer Protection Act could serve an incredibly useful purpose, FSOC's activities so far have been ...
NAIC Brings on Former Penn. Commissioner Consedine as New CEO
The National Association of Insurance Commissioners picked a former Pennsylvania Insurance Commissioner as its new CEO. Michael Consedine, who will take on his new role in early 2017, said in ...