NAIC looks to stay informed on insurtech

NAIC (the National Association of Insurance Commissioners) announced the launch of an Innovation and Technology (EX) Task Force to help insurance regulators stay informed on all things insurance-going-on-insurtech. “This is an important step in our efforts to increase our engagement in new and innovative technologies,” said Ted Nickel, NAIC President and Wisconsin Insurance Commissioner. “Insurance regulators have a critical role to play in supporting innovation. This includes working with individuals and companies creating new product offerings and services to meet consumer expectations while ensuring consumers are adequately protected.”