Insurance Technology (InsurTech)
The insurance industry is evolving, with rapidly changing products and services, nontraditional industry participants and record levels of investment. Traditional underwriting models are being replaced with machine learning and increasingly artificial intelligence (AI)-driven analyses. Industry participants are employing data analytics to better understand customer behavior and to develop new products and services. And the use of technology has opened up a plethora of new opportunities and distribution models. However, as the insurance industry continues to evolve, a web of regulation can present significant challenges to execution.
Holland & Knight's Insurance Technology (InsurTech) Team of experienced attorneys supports the insurance industry at every stage. Our team provides startups, producers, managing general agents/managing general underwriters (MGAs/MGUs), insurers, reinsurers and investors with holistic guidance to address their needs. The team is able to serve the diverse needs of our clients by employing a practical, risk-based approach and by distilling legal issues into actionable advice. By meeting clients where they are, we are able to advise insurance industry participants on a variety of matters, including:
• insurance regulatory and compliance
• government investigations and enforcement actions
• insurance disputes
• mergers and acquisitions (M&A)
• private equity
• technology transactions
• venture capital
• data strategy, security and privacy
Innovative Counsel for Innovative Clients
Our clients' creativity is reflected in the forward-thinking counsel that we can provide. Holland & Knight's InsurTech Team works closely with clients to develop products and services and capitalize on private equity and venture capital investment opportunities, while assisting them in navigating various regulatory, transactional, compliance and investigatory matters. Our dedicated lawyers have significant technical knowledge and experience and are highly familiar with the particular business opportunities and sophisticated legal concerns within this area of emerging risk and technology.
Our select clients include:
• insurers, reinsurers and captives
• agents, brokers, producers and MGAs/MGUs
• InsurTech and technology companies
• warranty and service contract providers
• financial technology (FinTech) and financial institutions
• startups and emerging companies
• public and private companies
Transactions
Holland & Knight's InsurTech Team has substantial experience advising investors, sellers, purchasers, disruptors and other industry participants in a variety of transactional structures, including early-stage venture, growth equity, control investments, joint ventures, M&A, private equity and strategic transactions. We offer tailored advice in the context of transactions where insurance is a key component of an acquisition or disposition. We also are adept at handling complex insurance industry transactions.
Our select experience includes:
• structuring the formation, acquisition and sale of agencies and carriers
• structuring and negotiating equity investments and commercial transactions
• advising on the use and implementation of various captive insurance structures
• advising on business-to-business and joint ventures between licensed and non-licensed entities
Regulatory and Compliance
Holland & Knight provides regulatory and compliance advice across insurance and reinsurance, including state licensing requirements for those who sell, market or distribute insurance products. Our InsurTech Team includes two former state regulators and is highly familiar with the various legal issues that arise under state insurance regulations.
Our select clients include:
• advising on compliance in connection with product development, compliance programs, transactions and regulatory investigations
• obtaining regulatory approvals for agreements, operations and products
• conducting internal investigations
• responding to enforcement actions and market conduct exams
• litigating complex insurance and reinsurance disputes
Contact Us
Greg Hoffnagle Partner | New York
+1.212.513.3425 greg.hoffnagle@hklaw.com
Alex Selarnick
Partner | Philadelphia
+1.215.252.9528 alex.selarnick@hklaw.com