Who We Are
The American InsurTech Council (AITC) is an independent advocacy organization dedicated to advancing the public interest through the development of ethical, technology-driven innovation in insurance. AITC provides a focal point for policy development and thoughtful deliberation on issues that are vital to the development of insurtech, including diversity, equity and inclusion. Through its advocacy efforts, AITC advances the public policy interests of insurtechs, insurance carriers, brokers, and other stakeholders by providing policy research, education, outreach to policymakers, with the general public and across all lines of insurance. AITC provides a fresh approach and thought leadership guiding policy development, strategic counsel, communications, and advocacy before 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, 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 involving insurance status, regulatory modernization, equitable treatment of consumers, filings and product availability are managed on a daily basis.
Digital Innovation in Insurance Benefits the Public Interest
Insurance is the cornerstone of the U.S. economy. Promoting a modern approach to regulatory policy that advances the digital transformation of insurance is vital to ensuring global competitiveness for commercial purchasers of insurance, economic growth, and financial protection for American families.
Insurtech Needs an Organization Dedicated to Its Interests
The number of issues and regulatory obstacles that will need to be addressed to facilitate the InsurTech-led transformation of insurance continuing to increase. AITC is dedicated to navigating those regulatory waters and clearing obstacles.
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Advance the interests of insurtechs and their key stakeholders
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Legacy insurers and insurtechs need a dedicated forum to identify, prioritize and advance needed changes to the current system of insurance regulation in the U.S.
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Realizing insurtechs’ potential requires a modern regulatory system built for digital commerce. It will not happen automatically. U.S. insurance regulators and legislators need assistance from an organization with a deep understanding of insurance regulation as well as the unique needs and challenges presented by insurtechs. We are that voice. The only voice with this singular focus and purpose.
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Function as a forum for insurtech start-ups and investors to be educated and mentored by seasoned insurance professionals on U.S. regulatory expectations and requirements, thereby reducing the risk of investments in great ideas that could never pass regulatory scrutiny.
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Develop the regulatory & policy solutions that will be needed and advocating for those in state government and elsewhere
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U.S. insurance regulators are now focused on insurtech issues, though admitting privately that they do not understand the technology or the regulatory implications long-term. Policymakers will require assistance developing and implementing a coherent strategic plan to modernize U.S. regulation. This assistance will be ongoing. This is not and one and done issue or problem.
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AITC bridges the gap between insurance regulation and insurtech innovation. AITC is perfectly positioned to work effectively with regulators to promote sound regulatory policy solutions.
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Resist highly entrenched interests that prefer the status quo
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Opposition can only be overcome by a highly organized, dedicated, intelligent and well-funded effort that is laser-focused on insurtech innovation and not distracted by other issues and concerns.
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Our Solutions
Policy
The insurance landscape is rapidly evolving. The rise of insurtech innovation is revolutionizing the way insurance services are delivered to consumers. The American InsurTech Council (AITC) takes a proactive approach to educating policymakers at all levels about the ethical use of AI and the significant benefits bring to consumers and insurers alike.
Advocacy
AITC is at the forefront of identifying and addressing InsurTech issues, providing crucial support and insights to both state and federal policymakers. With a reputation for being a highly effective advocate, AITC plays a pivotal role in promoting best practices and advocating for regulatory modernization concerning insurer use of AI and other digital technologies.
Education
AITC continues to play a pivotal role shaping the landscape of the insurance industry by serving as an educational and policy development resource. We promote a modern regulatory environment for insurance products and services across all lines of business, AITC is committed to ensuring the industry's growth and sustainability.
Our Mission
To encourage and promote a modern regulatory environment for ethical technology driven innovation that improves the business of insurance and consumer experience.
Our Values
Technology continues to drive significant change across every segment of the insurance industry. AITC will advocate for ethical standards that protect consumer information, data security, eliminate unfair discrimination, and provide transparency.