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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. The changes are effective December 31, 2021. As a result of the continuing COVID-19 pandemic, the NAIC met in a hybrid format with attendees participating both in person and virtually.

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List of data breaches and cyber attacks in May 2021 – 116 million records breached

IT Governance

Herff Jones data breach leaves students’ bank information compromised (unknown) Georgia’s College Park leaders ‘stunned’ one of their own busted for ID theft (11) Air India discovers historic data breach dating back to 2012 (4.5 Financial information.

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Regulatory Update: NAIC Fall 2020 National Meeting

Data Matters

NAIC Adopts the Group Capital Calculation Template and Instructions and Related Revisions to the Insurance Holding Company Act. Development of the GCC template and instructions began in 2015 by the GCC Working Group in an effort to provide U.S. Insurance groups will be exempt from filing a GCC if.

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The benefits of AI in healthcare

IBM Big Data Hub

Artificial intelligence is used in healthcare for everything from answering patient questions to assisting with surgeries and developing new pharmaceuticals, benefitting both patients and healthcare systems. An MIT group developed an ML algorithm to determine when a human expert is needed.