Scott Kosnoff is a top-notch regulatory, transactional and public policy counselor who loves his job. Trusted by regulators and industry alike, he helps 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 assess their algorithms for unintended bias. It’s important, cutting-edge work.
Scott helps clients implement a risk management framework and minimize their risk of regulatory, litigation and reputational exposure. Effective risk management requires more than algorithmic testing; you need a holistic, multi-disciplinary approach throughout the AI life cycle.
Scott also helps clients stay on top of the emerging standards and regulations that will govern AI. There’s a lot going on.
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 presented to the NAIC’s AI Working Group at the request of the chair, helped develop the Principles on Artificial Intelligence, helped the NAIC host a special screening of Coded Bias and has been invited to brief the insurance regulators again later this year.
Mergers, acquisitions and multistate regulatory approvals. Form A filings, Form E filings, public hearings, the whole nine yards.
Reinsurance. Indemnity and assumption reinsurance transactions and credit for reinsurance issues.
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.
Troubled company and insolvency matters. Helping clients deal with someone else’s mess.