The annual Fall Conference for the National Association of Insurance Commissioners (NAIC) will be held in San Francisco this year. While regulatory issues will be discussed, there are also several task forces designated to explore the current status of technology and innovative instruments in the insurance industry.
For example, the Innovation and Technology Task Force plans on reviewing the updates on Cybersecurity Initiatives and Implementation of the Insurance Data Security Model Law (#668), specifically South Carolina's implementation of the model.
Big Data is at the forefront of insurtech discussions, evident from the Task Force setting aside time for its own working group. On the agenda is to discuss data accuracy and company validation methods in accelerated/non-traditional underwriting.
Read more about the event here.