Questions and Answers

 What is the American InsurTech Council? 

  • A bespoke, non-profit advocacy group created to promote the development of technology based innovation in insurance.

  • The leading voice on insurtech issues with insurance regulators, other governmental bodies, and the general public.

  • AITC Sponsors include incumbents from across all lines of business, insurtechs, investors in insurtech, brokers, and other organizations that share AITC’s mission and objectives. 

What is the American InsurTech Council’s Mission? 

  • To serve as an independent advocacy organization dedicated to advancing the public interest through the development of ethical, technology-driven innovation in insurance.  Through its advocacy efforts, AITC advances the public policy interests of insurtechs, insurance carriers, investors, brokers and other stakeholders by providing advocacy, policy research, education, outreach to policymakers, with the general public, and across all lines of insurance.

What Makes the American InsurTech Council Different? 

  • Focused solely on insurtech.  AITC is the only advocacy organization dedicated exclusively to promoting the insurtech industry and needed regulatory modernization.

  • Strength through diversity.  Sponsors from across the insurtech ecosystem bring a comprehensive, 360° perspective on issues and policy solutions.

  • Strong bias toward action and results.  A leadership team of experienced insurance professionals with a proven track record of achieving results in the policy arena.

  • Fearless advocacy.  Not afraid to tackle the tough issues.

What is the American InsurTech Council’s Value Proposition? 

  • Proactive engagement & advocacy with the NAIC, state regulators and other policymakers.

  • A vocal, effective advocate for the benefits of insurtech with policymakers, the media, and the general public.

  • Thought leadership on the regulatory and public policy implications of technology related innovation in insurance.

  • Pursue a regulatory framework that promotes investment, competition and innovation, including clear standards for AI and other technologies.

  • Develop insurtech-focused conferences, educational programming and resources for the benefit of strategic partners and supporters, policymakers and others.

Who is Eligible to Join AITC as a Sponsor? 

Organizations committed to innovation to insurance that share AITC’s mission and values: 

  • Incumbent insurers across all lines

  • Insurtechs

  • Brokers

  • Insurtech investors

  • Professional service & similar organizations

How do Sponsors Benefit From Participation in AITC? 

  • Seat at the table developing policy solutions that will determine the future of insurtech.

  • Impact AITC’s strategic direction and decisions, including development of regulatory priorities.

  • Networking and relationship development opportunities with other Sponsors.

  • Cooperative working relationships with other national organizations that promote digital innovation.

  • Participate in policy and message development/research guidance.

  • Monthly policy calls and updates (more frequent as needed).

  • Conferences, forums and educational opportunities. 

What is the 90 Day Plan to Operationalize? 

  • Finalize list of year one priorities and align with public affairs and media strategies.

  • Meet and engage with insurance regulators at the National Association of Insurance Commissioners with responsibility for developing regulatory standards and requirements that will impact the future of insurtech.

  • Work through other organizations including NCOIL, NCSL, ALEC to introduce AITC to key state legislators, regulators and policy experts around the U.S.

  • Implement committee structure and expert advisory committee.

  • Federal and state focused third party ally initiative.

  • Build and expand media and communications strategy, including creative use of social media.

  • Develop increased research capacity to further enhance value proposition.