Ep 02: Exploring Key Legal Issues in a Disruptive Technology Environment
Steve Cosentino graduated from the University of Missouri – Kansas City School of Law with his Juris Doctor degree in 1997. He immediately began working at Stinson Leonard Street, LLC, where he currently serves as the company’s Chairman of the Intellectual Property and Technology Division.
Steve joins me today to discuss one of the hottest topics circulating throughout the insurance industry: key legal issues that disruptive technology creates. He shares examples of new technology currently affecting the industry and we discuss how robo advisors and user interactive technologies have impacted the industry, and things you should consider before implementing certain technology services within your company.
“There are repercussions to not handling a licensing component correctly.” – Steve Cosentino
– what you’ll learn –
- How user interactive technology is changing the way users view and understand information about their insurance claims and policies.
- What telematics are and how these devices are impacting the way consumers and insurance companies communication information and report incidents.
- The use of mobile app technology to allow policy holders to submit claims.
- Big Data and mobile technology use throughout the industry causing challenges and legal concerns for consumers and companies to protect their data.
- How robo advisors are making an impact on the industry.
- Data collection, security, and privacy issues caused by disruptive technology.
- Startup compliance issues.
- What robo advisors are and their effects on liability issues.
- How disruptive technology affects licensing issues.
Connect with Steve Cosentino:
This episode was brought to you by…
Spot On Insurance is brought to you by Insurance Licensing Services of America (ILSA), America’s premier insurance licensing experts. To learn more about ILSA and their services, visit ILSAinc.com.