The commissioner of the Connecticut Insurance Department ("CID"), Andrew N. Mais, has chaired the initial meeting of the department's recently formed Advisory Council on Technology.
The council was created to share information important to consumers and other stakeholders, including the industry, regulators, technology companies, and InsurTechs, which will shape the future of how insurance will be managed and marketed to consumers. Its stated mission is "to provide relevant and actionable suggestions to the commissioner in areas related to InsurTech and technology and the impact to Connecticut consumers and the industry."
"Technology advances, as evidenced in the growing InsurTech world, are changing the insurance landscape in many ways," the commissioner said in a statement. "As regulators, it is important that the Connecticut Insurance Department closely collaborates with all stakeholders and InsurTech startups to both support the growth of innovation and to protect consumers, which is the center of all regulatory activity.
"This council will play a central role in offering actionable steps that impact how companies can evolve with new technology, interact with consumers, and serve their customers," Commissioner Mais added.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].