The rise of InsurTech — which brings technological
innovations to the business of insurance — is having a
significant impact on the insurance industry, including through
advancements in cybersecurity tools, the introduction of
blockchain, and the use of big data for underwriting and claims.
Yet many worry that complex insurance regulations will slow or even
prevent further innovation. This article is the second in a series
discussing the regulatory issues impacting InsurTech.
As innovations continue to transform the insurance industry, so
too will regulatory issues continue to arise. A number of InsurTech
companies have attempted to enhance the consumer experience by
increasing efficiency and convenience, such as by offering mobile
apps, providing on-demand services, and implementing rewards
programs. Forming relationships with these businesses can be a boon
to insurance companies as well, enabling them to offer new products
and services, modernize their marketing,
