Insurance companies and organizations in similar industries bear the burden of maintaining massive volumes of data for their customers. Whereas some of our clients only handle—and only want to handle—payment information, insurance companies must gather a variety of detailed information about its insureds in order to form a reliable profile with which to determine its policies, risk, and pricing.
Due to the scope of sensitive data stored, processed, and transmitted by insurance companies, the National Association of Insurance Commissioners established the Insurance Data Security Model Law in 2017 after the New York Department of Financial Services passed an influential set of cybersecurity requirements. This model law set the groundwork for national regulation of the industry, and since then, South Carolina, Michigan, and Ohio have adopted similar legislation, with more state laws on the way.
To prepare you, we'd like to invite you to join our CEO, Alex Pezold, and head of privacy and compliance, John Noltensmeyer, for a discussion covering topics such as an overview of the model law, why it's important, and five things you need to know to comply with the law and its descendants.
John Noltensmeyer, Head of Privacy and Compliance Solutions