NAIC Invites Cybersecurity Comments

From: Insurance Networking

Regulators, industry representatives and others are encouraged offer perspectives, insights and recommendations to inform and shape emerging regulations.

Chris McMahon

The National Association of Insurance Commissioners has opened two draft documents on cybersecurity to the public for comment.

The first is “Principles for Effective Cybersecurity Insurance Regulatory Guidance,” which was developed by NAIC’s Cybersecurity Task Force. The document is intended to help state insurance departments “identify uniform standards, promote accountability and provide access to essential information,” NAIC said, and describes a process for working with the insurance industry to identify risks and offer practical solutions.

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