Managing Risk in the InsurTech Industry
– Maanit Zemel, Partner, Zemel van Kampen LLP
– Dimitri van Kampen, Partner, Zemel van Kampen LLP
In recent years, insurers have invested heavily in third-party technology solutions, incorporating external solutions and applications into their operations, especially in the digital and online space.
For insurers, significant enterprise risk can be inadvertently assumed when working with third-party solutions. And for suppliers in the InsurTech industry, assuming risk and liability should be commensurate with the economic benefits of the customer-supplier relationship.
What are the major areas of risk in these contractual arrangements, and what contractual mechanisms are there to address them?
In this session, you will learn about some of the legal and regulatory risks faced by parties in the InsurTech industry and strategies for mitigating those risks. Topics to be explored include SaaS contracts and licensing agreements and privacy and anti-spam laws.