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NAIC Leads in Innovation and Tech

The Innovation and Technology (EX) Task Force held its inaugural meeting on Monday during the NAIC's Spring 2017 National Meeting.

Michigan Insurance Director Patrick M. McPharlin serves as the task force's chair. During his opening remarks, he indicated that the new group was created to keep regulators informed on key developments including new products and services from start-up companies, as well as established insurance industry players.

The task force, which reports directly to the NAIC Executive Committee, heard reports from its working groups – Big Data, Cybersecurity and Speed to Market – during the meeting, and also considered the possibility of creating additional working groups.

 
   
         

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