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
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