The Pennsylvania Insurance Department (PID) announced the implementation of a new program designed to encourage innovation in the insurance industry by removing barriers and speeding up the regulatory process for new services and products.
Keystone Smart Launch features discussion forums and an Idea Portal through which individuals may discuss and submit ideas for new insurance solutions and products. Once submissions are reviewed, the PID will supply feedback and note considerations that should be addressed before starting the regulatory process. By providing this information up front, the program aims to make the process smoother and faster. Keystone Smart Launch is open to registered and non-registered entities.
For more information on Keystone Smart Launch, or any other questions regarding new insurance products, please contact Westmont Associates, Inc.