Managers of the National Association of Insurance Commissioners could spend about $12 million over the next three years to improve the organization's information systems and data security efforts.
|Modernize data collection
Officials at the Kansas City, Missouri-based regulator group say they hope to use about $8.5 million to modernize the NAIC's insurance industry data collection systems, and change the NAIC's tech project development practices.
NAIC officials say they also need money to create an analytics data warehouse, offer regulators self-service business intelligence tools, harden NAIC systems against hackers, and create tools regulators can use to educate consumers.
Officials have outlined the spending proposals in a new three-year strategic plan.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached through X at @Think_Allison.
