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Regulatory Update: NAIC Summer 2021 National Meeting

Data Matters

The National Association of Insurance Commissioners (NAIC) held its Summer 2021 National Meeting (Summer Meeting) August 14-17, 2021. Highlights include, among others, adoption of revised risk-based capital bond factors for life insurers, amendments to SSAP No. NAIC Adopts Revised Risk-Based Capital Bond Factors for Life Insurers.

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Indiana Likely to Become Seventh State to Enact a Comprehensive State Privacy Law

Hunton Privacy

The bill also contains a number of exemptions, including exceptions for financial institutions, affiliates, and data subject to Title V of the Gramm-Leach-Bliley Act, covered entities and business associates under the Health Insurance Portability and Accountability Act of 1996, nonprofit organizations and institutions of higher education.

Privacy 132
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Oregon Consumer Privacy Act

Hunton Privacy

The OCPA provides an exemption to personal data subject to the Gramm-Leach-Bliley Act, the Health Insurance Portability and Accountability Act, and a number of other federal laws. If signed the OCPA would take effect July 1, 2024; however, amendments made to certain provisions of the OCPA would go in effect January 1, 2026.

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The future of application delivery starts with modernization

IBM Big Data Hub

By 2026, approximately 80% of software engineering organizations will establish platform teams as internal providers of reusable services, components and tools for application delivery. It supports futureproofing by allowing an easy progression to containers and microservices.

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State of the Global Capture & IDP Market

Info Source

Billion US$ in 2026. Demand for solutions to automate processes in the Finance Segment, in which we include BFSI and Insurance, grew strongly in 2021. Billion US$ in 2026. It provides an in-depth assessment of the Capture and Capture-related RPA software and solutions market with actuals through 2021 and forecasts through 2026.

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Police Scotland needs to invest millions in cyber security

IT Governance

If we look at 2026 and the type of investment that criminals are making, serious organised crime is making, and the way that they exploit technology at pace, we will fall rapidly behind the curve. Save money, because insurance agencies look favourably on organisations with Cyber Essentials certification. That’s with today’s situation.

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Delaware Could Become the 13th State to Enact a Comprehensive State Privacy Law

Hunton Privacy

The DPDPA also contains a number of exemptions, including exceptions for financial institutions, affiliates and data subject to Title V of the Gramm-Leach-Bliley Act, covered entities and business associates under the Health Insurance Portability and Accountability Act of 1996 and nonprofit organizations.

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