Developing cybersecurity standards quickly is a significant issue for NAIC, state insurance departments.

With cybersecurity at the top of the agenda for most state insurance departments, the National Association of Insurance Commissioners (NAIC) has released two draft documents and is seeking public comments.

The first document, Principles for Effective Cybersecurity Insurance Regulatory Guidance, is intended to help state insurance departments identify uniform standards, promote accountability and provide access to essential information, according to NAIC. The document also outlines the process the organization will use to work with the insurance industry to identify risks and suggest practical solutions.

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