Home » Updates » Advocacy » Modernizing NAIC’s Rate and Forms Filing System Could Revolutionize Insurance
A fully automated computable contract filing regime would revolutionize insurance regulation and empower stakeholders across the industry.
NIA’s Chris Reed and Damien Zillas propose adopting technology to modernize the NAIC’s SERFF system.
In a paper published by CODEX, The Stanford Center for Legal Informatics, Chris Reed and Damien Zillas of Nonprofits Insurance Alliance (NIA) explore the System for Electronic Rate and Forms Filing (SERFF) currently used by the National Association of Insurance Commissioners (NAIC).
Reed and Zillas propose that the NAIC modernize its SERFF process by integrating computable contracts and artificial intelligence (AI) technologies, leveraging these advancements toward a fully automated computable contract filing regime that would revolutionize insurance regulation and empower stakeholders across the insurance industry.
Read the full article: Optimizing the National Association of Insurance Commissioners’ System for Electronic Rate and Forms Filing Through the Implementation of Computable Contracts Concepts and Artificial Intelligence Technologies
Related Articles
Blue Avocado Recap: July 2024
Learn how collaboration can lift up multiple nonprofits. Find out which tools and strategies nonprofits wish they'd used sooner. Discover how to measure if your team is upholding your mission and values. Explore how to present to donors how your mission benefits them, too.