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New York Department of Financial Services Issues Guidance Regarding Life Insurers’ Use of External Consumer Data in Underwriting

Data Matters

On January 18, 2019, the New York State Department of Financial Services (NYDFS) issued Circular Letter 2019-1 (the Circular Letter), addressing insurers’ use of external consumer data and information sources in underwriting for life insurance. Unlawful Discrimination.

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#ModernDataMasters: Mike Evans, Chief Technology Officer

Reltio

“If you are not tying what you are doing, in any kind of data initiative, to a business vision and some tangible outcomes that a business is trying to achieve, then MDM can become just a complex academic exercise.”. Prioritise people, process and governance.

MDM 75
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#ModernDataMasters: Henrik Liliendahl, Chairman & CTO, Product Data Lake

Reltio

I like to walk and bicycle – it is good exercise but you can also think while you do these things. No, I think we have covered all my pet hobby horses! What do you like to do outside of work? I am at an age now where I have grandchildren so I really like to be with them. It is as much to freshen my mind and do some out-of-the-box thinking.

MDM 49
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#ModernDataMasters: Bob More, SVP Global Field Operations

Reltio

Much of background is what we now call customer experience and its predecessors of CRM and eCommerce applications in Retail and CPG as well as PLM, ERP and supply chain. The solely IT-driven ones are more likely to be a plumbing exercise – more about pulling data together and feeding it somewhere else.

MDM 40
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The Hacker Mind Podcast: Going Passwordless

ForAllSecure

And I think it is an exercise, pretty fun to look at those credentials. We use public key cryptography in https and secures how we use our financial services or order online. Digitally to all of these online services? Look what they've done. Look at the mistakes they've made. And those breach reports.