Our Positions | Cybersecurity


Cybersecurity is an issue of growing importance for insurers as well as society in general. Insurers encounter cybersecurity issues in a variety of ways. Like all members of the interconnected business community, insurers are potential targets as they hold consumer personal information. Because of this, insurers have an obligation to take steps to protect that information as well as to play a role in the development of how society responds to the growing exposure to cyber risk by insuring.


Issue Analysis Papers

Understanding the Evolving Cybersecurity Standards Landscape for Insurers
The amazing benefits of a technologically advanced and interconnected society have not been attained without the price of sobering exposure to substantial and even potentially catastrophic harm. The headlines regularly convey the latest security breaches, typically involving increasing volumes of a variety of information being accessed or stolen, affecting a larger number of individuals as potential victims. Unsurprisingly, the insurance industry, given its role in supporting risk management by businesses and individuals, has not been immune in...

Virginia: Bureau of Insurance Solicits NAMIC Member Feedback on Cybersecurity Legislation Implementation Regulations

April 28, 2020 The Virginia Bureau of Insurance has solicited comments from NAMIC and its member companies on implementing regulations associated with HB 1334, the Virginia Insurance Data Security Act, passed during the... Read more

Privacy Model Efforts From the NAIC and Beyond

April 16, 2020 NAMIC previously reported that the Privacy Protections (D) Working Group had not met outside of regulatory-only meetings since mid-February, nor had it distributed any new materials to the public. On April 15... Read more

Coronavirus Affects Data Privacy Debate

April 13, 2020 The Senate Commerce Committee held a "paper hearing" April 9 titled "Enlisting Big Data in the Fight Against Coronavirus" in which the committee received written witness testimony and exchanged written questions and answers so it could continue its... Read more

Privacy Protections (D) Working Group Regulator-Only Efforts Remain Unseen

March 30, 2020 On its first call of the year held in mid-February, the Privacy Protections (D) Working Group indicated that it would be going into regulator-only mode for a while and would prepare a key issues document that would be circulated for the Spring National... Read more

NAIC Big Data Working Group Continues to Explore Large Data Sets Without Specified Direction

March 30, 2020 The last meeting of the NAIC Big Data Working Group in Austin in 2019 revealed the continuing work of the group and attempts to ascertain where it may all be leading. Due to COVID-19, attempts to meet in Phoenix and via teleconferencing have been... Read more

Contacts

Jon Bergner
Vice President – Public Policy and Federal Affairs

202.580.6751

  Jon