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Insurer IT Strategy Impacted by State Regs on AI, Consumer Privacy, and Security, Says New Report by Novarica and Locke Lord, LLP

Bill Sinn | August 06, 2019

As data and security regulations continue to evolve, CIOs and CISOs will need to work with their legal advisors to understand existing and new regulations, assess the processes and technologies affected, and determine if and how to adjust technology strategy and deployment. Insurance Technology Strategy and Regulatory Compliance, Vol. 1 , the first of a new quarterly series by Locke Lord LLP, a full-service global law firm, and Novarica, a research and advisory firm for insurer IT leaders, reviews the potential effects of regulation on the use of analytics and AI in life insurance underwriting, how privacy requirements may affect insurer data governance and MDM strategies, and how third-party data security requirements may affect distribution technology strategies.

"CIOs and CISOs need to understand emerging state regulations regarding data, security and privacy," said Mitch Wein, Senior Vice President of Research and Consulting at Novarica and co-author of the new report. "From there, they can craft best practice responses that help their companies avoid fines and protect their customers."

Locke Lord contributors to this brief include Brian Casey, co-leader of the Regulatory and Transactional Insurance Group; Benjamin P. Sykes, a partner in the practice; and Theodore P. Augustinos, co-leader of the privacy and cybersecurity practice.

All three will join Mitch Wein on a webinar discussing the issues in the report hosted by Novarica on September 12th at 12pm ET. Interested attendees should pre-register at https://register.gotowebinar.com/register/8424927983889240587.

Please contact media@novarica.com or call Victoria Spitz at 833-668-2742 Ext. 130 for more information.


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