Insurance: Industry-Specific Regulations

Detailed examination of federal regulations affecting insurance including anti-money laundering (AML) requirements, fraud prevention laws, financial reporting standards, tax regulations, and federal oversight of systemically important insurers. Understanding how technology systems support federal compliance reporting and monitoring requirements.

Comprehensive coverage of NAIC model laws and regulations including the Insurance Data Security Model Law, Risk Management and Own Risk Solvency Assessment (ORSA) requirements, model insurance codes, and regulatory technology initiatives. Understanding how NAIC guidance influences state regulations and technology standards.

Analysis of international regulatory frameworks including the International Association of Insurance Supervisors (IAIS) standards, Solvency II in Europe, insurance regulations in emerging markets, and cross-border regulatory coordination. Understanding how global insurance operations require technology systems that accommodate multiple regulatory jurisdictions.

Comprehensive coverage of consumer protection laws including unfair trade practices regulations, disclosure requirements, claims handling standards, marketing restrictions, and accessibility requirements. Understanding how these laws influence customer-facing technology design and business process automation.

Analysis of AML and fraud prevention requirements including customer due diligence, suspicious activity reporting, fraud detection systems, and compliance monitoring processes. Understanding how technology systems support AML compliance and fraud detection while maintaining regulatory reporting capabilities.

Analysis of emerging regulatory challenges including artificial intelligence governance in insurance, InsurTech regulatory frameworks, digital transformation compliance, blockchain and cryptocurrency regulations, and regulatory sandboxes. Understanding how new technologies create regulatory challenges and opportunities.

Advanced concepts in regulatory technology including compliance automation, regulatory reporting systems, audit trail management, policy management platforms, and compliance monitoring dashboards. Understanding how to build technology architectures that embed compliance throughout business processes and ensure ongoing regulatory adherence.

Comprehensive coverage of state-level insurance regulation under the McCarran-Ferguson Act including state insurance departments, licensing requirements for insurers and agents, solvency standards, rate regulation, market conduct requirements, and consumer protection laws. Understanding how technology systems must accommodate state-specific regulatory variations.

Comprehensive coverage of data privacy and security regulations affecting insurance including GDPR compliance, CCPA requirements, NAIC Insurance Data Security Model Law, breach notification requirements, and cross-border data transfer restrictions. Understanding how these regulations impact technology architecture and data handling practices.

Detailed examination of solvency regulations including risk-based capital requirements, stress testing, Own Risk Solvency Assessment (ORSA), and capital modeling requirements. Understanding how technology systems support solvency monitoring, capital calculation, and regulatory reporting processes.