Scott Kosnoff is a top-notch regulatory, transactional and public policy counselor who loves his job. Trusted by regulators and industry alike, he helps insurance clients seize exciting opportunities and accomplish ambitious goals, including in the following areas:
Artificial intelligence, Big Data and Algorithms
Working with the firm’s data consulting subsidiary, Scott uses his first-hand knowledge of evolving regulatory standards to help insurers minimize their risk of regulatory, litigation and reputational exposure. (We have validated and tested client and third party algorithms for unwanted bias, helped clients build a risk management framework and drafted protocols for the use of AI, data and algorithms.)Scott and his colleagues can help your organization use AI safely and responsibly.
Scott also helps clients stay on top of and shape the emerging standards and regulations that will govern AI.Key policymakers frequently seek his input on how to encourage innovation and protect consumers because they value his sensible, balanced approach.
At the invitation of the NAIC’s executive team, Scott briefed the nation’s top insurance regulators on the benefits and risks of AI at a closed-door commissioners’ roundtable. He subsequently presented to the NAIC’s AI Working Group at the request of the chair and helped the working group develop Principles on Artificial Intelligence. (The principles, which were unanimously adopted by the NAIC’s members, set out the regulators’ expectations and will form the basis for future regulatory activity.)
When the NAIC hosted a special nationwide screening of Coded Bias, they asked Scott to lead a panel discussion of the film, algorithmic bias and regulatory strategies that can protect consumers without stifling innovation.
Mergers, acquisitions and multistate regulatory approvals. Form A filings, Form E filings, public hearings, the whole nine yards.
State-based insurance regulation, including action at the NAIC.
Regulatory and public policy matters of all shapes and sizes, helping clients with the who, what, where, when and why.
Race, equity, inclusion and insurance issues.
Suitability, sales practices, compliance assessments and market conduct challenges.
Holding company and corporate governance issues, including board duties and disclosure requirements.
Federal legislative, regulatory and policy developments. Insurance-related matters involving Congress, Treasury, the Federal Insurance Office, the FDIC and the Fed.
International insurance regulation. Standard setting by the Financial Stability Board and the International Association of Insurance Supervisors — and what it means for United States-based companies.
Reinsurance. Indemnity and assumption reinsurance transactions and credit for reinsurance issues.
Troubled company and insolvency matters. Helping clients deal with someone else’s mess.