NAIC’s Strategic Plan for 2018-2020 Puts Insurance Technology Adoption Front-and-Center

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“Throughout the past few years, there has been a noticeable change in the insurance marketplace, driven by consumer expectations and competitive pressures, as well as the growth of innovation and emerging technology. By most accounts, the pace of these changes in the marketplace is expected to accelerate in the foreseeable future. It is therefore imperative for the NAIC and its members to not only continue pursuing opportunities to enhance current regulatory market-related data, tools and processes, but also to stay abreast of new developments in the area of innovation and emerging technology in the insurance area.”–National Association of Insurance Commissioners

 

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