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Insurance technology, or InsurTech as many know it, is changing the insurance industry — whether it is ready for the transformation or not.

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Cybersecurity, InsurTech regulation poised to define 2018

Regulation is often cited as the most significant hurdle to innovation in the insurance industry.

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While the industry is known for being a slow adapter to change, insurance transitioned fairly quickly in terms of technology, Garsson says. While the industry is known for being a slow adapter to change, insurance transitioned fairly quickly in terms of technology, says Garsson. (Photo: Shutterstock)

It’s no secret that the insurance industry is increasingly reliant on technology.

As technology advances and expands the scope of the industry, it is up to individual states in the U.S. to impose regulations on what insurers can and cannot do.

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Denny Jacob

Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected]

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