Regulating for responsible data innovation: The role of insurance regulators in dealing with risks relating to consumer data protection and privacy
Emerging technological innovations, the use of big data and AI hold great potential to reach out to new customers, offers consumers greater value products and enhance operating effeciency. Digital technologies are transforming the insurance industry rapidly, generating new questions and regulaory challenges for insurance supervisors. Globally, the use of consumer data is the area of most rapid innovation and change in the insurance sector. It holds specific risks for consumers, in particular that of financial exclusion. In 2018 the A2ii focused on the theme of InsurTech, its status and regulatory challenges and recently published a thematic report on Regulating for responsible innovation. The next A2ii-IAIS Consultation Call will take place on Thursday, 24 January 2019 and willl highlight the main insights gained and explore the risk and potential of the use of new data. Experts on the call will give an overview of how to regulate for responsible data innovation and the role that insurance regulators play in dealing with consumer data protection and risks as highlighted in the recent study.
The call will be held again in three different languages - English, French and Spanish at the following times:
10am (CET) English | 12pm (CET) French | 3pm (CET) English | 5pm (CET) Spanish
Please mark the date in your diaries now. Please note these calls are restricted to supervisors only.
Please send questions in advance and/or raise questions on the call. The call will use the online platform Webex, and we will send an invitation with instructions in the week before the call.
The IAIS and A2ii are keen to receive topics to be addressed during future calls. Please share any issues related to regulation and supervision supporting inclusive insurance markets that you would like to see addressed in future calls by emailing email@example.com.
We are looking forward to a lively and fruitful discussion.
The Access to Insurance Initiative
The International Association of Insurance Supervisor
We are the implementation arm of the International Association of Insurance Supervisors (IAIS) on Inclusive Insurance. We generate and disseminate knowledge, build capacity, contribute to IAIS standard-setting, we foster learning and dialogue, support implementation at the regional and national levels, and participate in global advocacy processes.