The New York Department of Financial Services (DFS) recently issued Circular No. 5 that requires every regulated insurance entity to submit its plans to address the operational risk and identify, monitor and manage the...more
On January 18, 2019, New York’s Department of Financial Services (DFS) issued Circular Letter No. 1 (2019) to advise life insurers regarding the type of data that they may use when underwriting policies. The guidance was...more
1/30/2019
/ Algorithms ,
Anti-Discrimination Policies ,
Data Collection ,
Data Use Policies ,
Department of Financial Services ,
Disclosure Requirements ,
Disparate Impact ,
Insurance Industry ,
Insuretech Sector ,
Life Insurance ,
New Guidance ,
Protected Class ,
Startups ,
Transparency ,
Underwriting
• NAIC recently adopted an Insurance Data Security Model Law that follows the risk assessment-based approach of the New York DFS Cybersecurity Regulation. This signals the growing influence of the New York Regulation,...more
11/1/2017
/ Cyber Insurance ,
Cybersecurity ,
Data Security ,
Department of Financial Services ,
Health Insurance Portability and Accountability Act (HIPAA) ,
National Association of Insurance Commissioners ,
Non-Public Information ,
Notification Requirements ,
Personally Identifiable Information ,
Reinsurance ,
Risk Assessment ,
The Model Law ,
Third-Party Service Provider