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Insurtech lobby group launches | Business insurance



An advocacy group for regulatory and public policy for the growing insurance sector was launched on Monday

The Washington-based US InsurTech Council, led by a group of former insurance regulators and heads of state affairs, will seek members from technology companies and the insurance industry, said Scott Harrison, a former regulator in New York and Delaware and part of the group's management.

The organization will promote ethical advances in the use of technology in the insurance sector, he said. [19659002] "There must be a good regulatory policy, good consumer protection and a good public policy. A different approach is required where you have an organization that brings together people from the insurance industry, people from the insurtech world and people from the technology side to work with policy and work with regulators," said Harrison. .lect technological advances, said JP Wieske, a before this supervisory authority in Wisconsin and part of the group's management.

For example, states may require "wet signatures" for insurance. "How do you do that when you have pro-consumer policies that allow hyperlinks and other interactions for consumers to better understand what their policy means?" he said. "I do not believe there are regulatory solutions that are consistent across all states."

Other founders of the group include, Jack Friou, a former head of government relations at Aflac; Thomas Mays, former Head of Government Relations at Pacific Life, and Teri Hernandez, Insurance Advisor and Founder of HernandezHQ LLC.


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