January 16, 2019
OLYMPIA, WA – Washington Insurance Commissioner Mike Kreidler is offering innovators in the insurance industry a new way to engage his office about potential products that may benefit consumers.
Kreidler announced an insurance innovation portal, Resources for insurance industry innovators.
The portal includes guidelines, a hotline and web form. This is designed to encourage companies, agents and insurance startups to contact his office early in the development of new products.
Kreidler noted that changing social and technological trends have created an opportunity for insurance entrepreneurs.
“The insurance industry is constantly evolving and we want to make sure innovators understand the laws that guide insurance regulation in Washington,” Kreidler said. “We are eager to work with innovators as they prepare to bring products to market. We’re committed to fair and efficient regulation.”
The Office of the Insurance Commissioner regulates Washington’s $42 billion insurance industry. For more information, please visit www.insurance.wa.gov