The Dedicated, Independent Voice of InsurTech
The American InsurTech Council (AITC) is the independent voice of InsurTechs, insurance companies, and other stakeholders that share common goals and objectives in the public interest before federal and state legislators, regulators and other policymakers. The Council’s mission is to encourage and promote a modern regulatory environment for ethical technology driven innovation that improves the business of insurance and consumer experience.
Companies are developing new business models using technological innovation that will redefine the insurance market. While many of the forces driving change have been at work for several years, the impact of Covid-19 on the business of insurance has accelerated the pace of change. While the insurance industry has always embraced innovation and the use of technology-based solutions, InsurTech presents new challenges and opportunities.
AITC’s activities include guiding policy development, strategic counsel, communications, and advocacy before the federal and state legislators and regulators, and organizations such as the National Association of Insurance Commissioners, National Council of Insurance Legislators, American Legislative Exchange Council, National Conference of State Legislatures, the State Policy Network and the states. Based in Washington D.C., the majority of activities and leadership for the organization will be carried out in the states, where issues concerning insurance status, filings and product availability are decided.
The AITC team is a trusted resource for policymakers
Our team has extensive experience with coalition and association management with policy expertise that crosses technology as well as deep experience in the insurance industry. Our team covers the breadth of issues the industry will face in the policy, regulatory, and legislative arenas, and includes former regulators, state legislator, and c-suite executive experience.
Policy: InsurTechs are changing the insurance world. AITC informs policymakers at all levels about the benefits the industry is bringing to consumers through the use of compelling data, research and analytics.
Advocacy: The AITC team is an important resource for policymakers on issues in the states and at the federal level. Our tireless advocacy will be formed by policy, facts, and our political experience. AITC will be an effective advocate for model laws and regulations that will make the market better.
Values: Technology brings a host of new issues. AITC advocates for policies that protect consumer information, data security, eliminate unfair discrimination, and promote transparency.