Insurance Summit 2020
Exhibitors & Sponsors
Make your mark. Join regulators, professionals and InsurTech entrepreneurs to examine the fast-moving innovations changing tomorrow’s marketplace.
Make your mark. Join regulators, professionals and InsurTech entrepreneurs to examine the fast-moving innovations changing tomorrow’s marketplace.
Since 2002, our professional team, consisting of many former regulators, understands the mounting responsibilities faced during this time of heightened regulatory oversight and incredible budgetary constraints. We appreciate the vital role insurance regulation plays in preservation of the economy and the protection of insurance consumers. Our team of accomplished professionals utilizes the most up-to-date technology and best practices to provide efficient, cost-effective solutions to insurance regulation. From financial solvency to market conduct and everything in between, let’s discuss how we can work together to meet your goals. Visit our website for our complete list of services.
InsCipher’s cloud-based software takes the headache out of surplus lines management, consolidating compliance requirements for all 50 states (plus Guam and Puerto Rico!) within a single database. We have created tools to simplify surplus lines filing, designed with the agent in mind: up-to-date form templates and state stamp wordings available at your fingertips, an automated tax calculator with step-by-step guidance allowing you to quickly quote and bind policies, and API solutions to easily transfer your data into our system. And if you’re looking to outsource your surplus lines tax filings altogether, InsCipher has a dedicated filing services team that can manage your surplus line filing, reporting and payments from start to finish. If you’re interested in learning how InsCipher can save your agency time AND money, request a free ROI analysis today!
True Hire is an approved provider of the National Association of Insurance Commissioners’ biographical affidavit verifications. We have performed thousands of third-party verifications and have completed them for every required state’s Department of Insurance. With a flat fee and a simple process, our NAIC biographical affidavit program is the best. We have the knowledge to get your verification done right the first time!
For almost 20 years, the Interstate Insurance Product Regulation Compact (Insurance Compact) has brought states together to achieve a common and collective goal of improving insurance product regulation through uniformity and consistency in consumer-centric regulatory requirements and review. With 46 Compacting states and the vast majority of eligible companies of all sizes having Compact-approved products in the marketplace, the Insurance Compact has become woven into the fabric of state-based insurance product regulation for annuities, life, long-term care and disability income insurance. The Insurance Compact is a truly unique speed-to-market tool facilitating regulatory compliance and streamlining insurers' filing, testing and delivery process.
Interstate Insurance Product Regulation Commission
State regulators have recently updated the State Disaster Response Plan in order to create a template that departments of insurance (DOIs) can use when assisting consumers before, during and after disasters. The document details how a DOI can work with other agencies to assist consumers, including federal agencies, state and local agencies, the NAIC, and other state DOIs. In addition, the NAIC is creating a disaster program that will provide a one-stop shop for regulators that will include sample bulletins, publications to help state DOIs educate consumers about catastrophic events, and various other interactive tools and podcasts for regulators. This website is now available but still in its infancy, and the NAIC seeks regulator suggestions as this website is developed. Ultimately, the NAIC envisions a website where state regulators can access information and tools prior to a disaster to be better able to help protect citizens. We hope that by sharing these materials during the Insurance Summit, regulators will continue to contribute to the project to improve its effectiveness.
NAIC Disaster Response Program
From test development to administration services, PSI Services LLC (PSI) offers multi-modal solutions that give state governmental agencies and trade associations the tools to offer convenient and flexible testing for professionals. Hundreds of state governmental agencies and professional associations outsource licensing and certification programs to PSI. PSI’s experience spans various segments of industry, including insurance, real estate, contractors and trades, barbering and cosmetology, emergency medical technicians, medication aides, nurse aides, and hundreds of other professions and trades.
The INS Companies, a group of regulatory consulting firms, consists of more than 150 regulatory professionals dedicated to assisting regulators exclusively since 1987. We provide assistance and consultation to regulators in virtually all areas of regulation and have earned a national reputation for excellence in client responsiveness and product. The INS Companies are well known, well established and well respected within the regulatory and industry communities. The firm is also an active participant in the NAIC, SOFE and IRES. The INS Companies, immersed in tradition and excellence, team with regulators for long-term client success.
The INS Companies
The NAIC’s Center for Insurance Policy and Research (CIPR) provides research and education to drive discussion and advance thought leadership, as well as action, on current and emerging insurance issues among insurance regulators, policymakers, industry and academia. This is accomplished through produced research reports, papers, surveys and briefs; educational events and workshops at NAIC national meetings, the NAIC insurance summit, and other periodically organized sessions; the CIPR’s research library collection and knowledge distribution sources; and research published in the NAIC’s Journal of Insurance Regulation (JIR). The Research Library provides research and information to state insurance regulators, with a particular focus on the NAIC’s key initiatives. We house the NAIC’s archives, including the complete digitized collection of NAIC Proceedings, as well as the most thorough collection of insurance regulatory resources in the United States. Regulators can submit requests to the library team by emailing firstname.lastname@example.org.
Center for Insurance Policy and Research
The Designation Program is an exclusive professional development training program created by U.S. insurance regulators for U.S. insurance regulators. Participants in the Program, from entry level to senior management, complete studies in structured paths of learning in pursuit of four distinct designations: 1) Associate Professional in Insurance Regulation (APIR), which signifies mastery of foundation-level concepts in the areas of financial regulation, market conduct regulation and product regulation; 2) Professional in Insurance Regulation (PIR), which signifies mastery of concepts within a specialized regulatory field or discipline of his or her choosing, within the parameters of the Designation Program curriculum; 3) Senior Professional in Insurance Regulation (SPIR), which signifies mastery of concepts in regulatory leadership and the completion of experiential study assignments; and 4) Investment Professional in Insurance Regulation (IPIR), which signifies mastery of concepts associated with investments and investment analysis.
The National Insurance Producer Registry (NIPR) is a not‐for‐profit technology company that provides cost‐effective, streamlined and uniform licensing data and compliance services for insurance professionals. Together with the NAIC and the insurance industry, NIPR protects and serves insurance consumers. Products include the Producer Database (PDB); Non-Resident and Resident Licenses (initial and renewal); Non-Resident Adjuster Licensing that accommodates Designated Home States; Attachments Warehouse, a tool that receives, stores and shares, with regulators, licensing-related documents that are submitted by producers/authorized submitters; Contact Change Request (CCR); and Interactive Appointments and Terminations (IAT), which allows carriers to submit directly to the NIPR Gateway.
National Insurance Producer Registry
State Based Systems (SBS) is an electronic system built by the NAIC and designed and enhanced in partnership with regulators that automates state-based insurance regulation operations. Since 2003, we continuously look for ways to make regulator interactions with each other, industry partners and insurance consumers fast and effective. SBS provides a comprehensive range of services to meet most regulatory needs, including producer and company licensing, education tracking, consumer complaint management, enforcement, fraud, exam tracking, and revenue management. More than 2,000 insurance regulators use SBS every day to manage more than 5 million licenses, 10,000 education providers and more than 9,000 companies. With a niche expertise and a commitment to adapting to industry standards, we are proud to support and earn the trust of 33 NAIC members. As more jurisdictions choose SBS, regulators, producers and consumers benefit from increased uniformity and functionality.
State Based Systems
The Technical Training Team of the Education and Training Department offers specialized computer training for regulators and industry professionals. Training is available on-site at your location, online or in our computer training center in Kansas City. Regulator training is available in areas such as: the System for Electronic Rate and Form Filing (SERFF); ACL; TeamMate; and iSite+. The team also offers live online training for industry professionals industry filers on the SERFF application.
Established in 1936, AAIS serves the P/C insurance industry as the modern, member-based advisory organization. AAIS delivers custom advisory solutions, including best-in-class forms, rating information and data management capabilities for commercial lines, inland marine, farm and agriculture, commercial auto, personal auto, and homeowners insurers. Its consultative approach, unrivaled customer service and modern technical capabilities underscore a focused commitment to the success of its members.
The techniques used by insurance companies to price their business is rapidly evolving. The P&C Model Review Team is here to support you as you tackle new and complex issues. The P&C Model Review team completes technical model reviews, hosts filing case study presentations, maintains the P&C model database, and coordinates the educational CASTF Book Club Calls. The Technical Model Review Process enables you to forward specific SERFF filings to our team for reports on the technical aspects of the models. We host case study presentations where we walk through technical model reviews and highlight issues that may be applicable to other filings. The P&C model database enables states to share information about insurance company models and fosters collaboration. Our team coordinates the CASTF Book Club Calls to provide you educational content on issues important to insurance regulation. (Signing the State Agreement is required for access.)
P&C Model Review Team
As part of the Tax and Accounting Division of Wolters Kluwer, TeamMate helps internal audit and controls professionals assess and manage risk in support of organizational strategic objectives. Wolters Kluwer TeamMate provides digital, analytical and integrated tools allowing professionals to harness the latest technologies, connect critical business systems and uncover hidden risks through comprehensive analytics. It serves industry and public sector organizations across the globe. Solutions include TeamMate+ Audit, TeamMate+ Audit Public Sector, TeamMate+ Controls and TeamMate Analytics.
SERFF is a web-based electronic filing solution supporting states’ efforts to go electronic and eliminate paper filings for more efficient operations. It is the most cost-effective and efficient way to submit rate and form filings to the states and jurisdictions. SERFF also accelerates market-entry for new and renewing products, while ensuring compliance with consumer protection requirements.
OPTins is a web-based electronic filing solution supporting states’ efforts to go electronic and eliminate paper filings for more efficient operations. It supports required state-specific forms for filing premium tax, surplus lines tax, assessments and other state-specific filing types. OPTins supports filings to 28 states, is mandated by 19 jurisdictions, and offers seamless electronic payment submission and minimal transaction fees.
CyberCube delivers the world’s leading cyber risk analytics for the insurance industry. With best-in-class data access and advanced multi-disciplinary analytics, the company’s cloud-based platform helps insurance organizations make better decisions when placing insurance, underwriting cyber risk and managing cyber risk aggregation. CyberCube’s enterprise intelligence layer provides insights on millions of companies globally and includes modelling on thousands of points of technology failure. CyberCube became a stand-alone company in 2018, spinning out from cybersecurity firm Symantec. It now serves the majority of the cyber insurance industry, with publicly announced clients including Chubb, CNA, Hiscox, Munich Re, Aon and Lockton.
Locke Lord is a full-service law firm with global reach that ranks among The American Lawyer’s top U.S. law firms. Our team has earned a solid reputation in complex litigation, regulatory and transactional work. Our InsurTech practice advises insurance industry clients across a broad spectrum, including on insurance and reinsurance regulation; electronic commerce; payment systems; mergers and acquisitions; fund formation; private equity and venture capital; data privacy and security; intellectual property protection; and blockchain, artificial intelligence and other technologies. We couple our representation of companies with cutting-edge, technological innovations that are revolutionizing the industry with 100-plus years of experience serving insurance clients around the United States and the world.
Johnson Lambert's Regulatory Services practice is dedicated to meeting the needs of insurance regulators. We perform highly efficient, risk-focused examinations with a cost structure that is appropriate to the complexity and size of the examined company. The Regulatory Services team includes experienced certified financial examiners qualified to serve as examiner-in-charge for examinations of all types of insurers. We specialize in multi-state coordinated group examinations, serving in both lead and participating state roles. Our team also includes former regulators from state Departments of Insurance.
In a regulatory environment where excellent work is a mandate, Noble Consulting Services is the industry’s leader for delivering our clients quality work, in an ethical manner. Our value proposition begins with: a level of integrity that is above reproach; an employee-based model that allows us to control all aspects of the services we offer; remarkable talent and deep understanding of the insurance industry, the regulatory environment and emerging challenges; and our commitment to serve the needs of our regulators with excellence.
Noble Consulting Services
RegEd is the market-leading provider of RegTech enterprise solutions with relationships with more than 200 enterprise clients that represent 80% of the top 25 financial services firms. Established in 2000 by former regulators, the company is recognized for continuous regulatory technology innovation with solutions hallmarked by workflow-directed processes, data integration, regulatory intelligence, automated validations, business process automation and compliance dashboards. The aggregate drives the highest levels of operational efficiency and enables our clients to cost-effectively comply with regulations and continuously mitigate risk. Trusted by the nation’s top financial services firms, RegEd’s proven, holistic approach to RegTech meets firms where they are on the compliance and risk management continuum, scaling as their needs evolve and amplifying the value proposition delivered to clients.
The Practical Manager Program is an interactive workshop designed specifically for managers, supervisors and executive-level leaders within state insurance departments. The modules offered can be taught as stand-alone courses or combined with other modules in the program to form a more comprehensive experience for students. Modules are delivered in person within a classroom-style setting.
Practical Manager Program
For more than 50 years, we have built insurance technology solutions so our customers can focus on what matters most to them—people. Vertafore’s solutions for agency management, client engagement, ratings, regulation, compliance and connectivity empower simpler, smarter insurance distribution for every stakeholder. Agencies, carriers, MGAs and state governments alike rely on Vertafore to streamline their workflows, improve efficiency and drive productivity. Through a fierce devotion to customer success, a continual focus on excellence, and a commitment to delivering modern, innovative InsurTech solutions, Vertafore is delivering results that make a difference for the entire distribution channel.