It may possibly not be Silicon Valley, but Hartford is a hub of startup exercise. Hartford InsurTech Hub is an accelerator software that functions intently with worldwide InsurTech startups and corporate insurance companies, neighborhood stakeholders and coverage carriers in purchase to support form the insurance policy field by way of collaboration and innovation. We are primarily based in downtown Hartford.
Corporations like us want prevalent perception principles if we want to keep on innovating and making careers right below in Connecticut. Which is why we’re happy that one of our customers of Congress, Sen. Richard Blumenthal, is actively playing a foremost role in crafting federal privateness legislation that has the possibility to create apparent rules of the highway for providers even though creating person protections that restore consumers’ belief in the Internet.
We at Hartford InsurTech Hub respect Sen. Blumenthal’s dedicated and bipartisan function on this concern and willingness to listen to the startup community’s perspective. The steps of substantial businesses have dominated the discussion as to how purchaser data must be employed, stored and gathered, but organizations like Hartford InsurTech Hub and other tiny firms have an significant voice to increase to the privateness dialogue.
We get knowledge privateness significantly and guarantee that every single startup understands all the regulations and necessities considering that numerous are from exterior the U.S. This involves bringing in gurus to evaluate the information of the nationwide and point out polices.
As we have viewed with new privateness policies in Europe that went into outcome last calendar year, rules developed to fortify purchaser privacy can have the unintended consequence of pushing more compact businesses out of the market place, in the long run benefiting the major companies and squashing much-essential opposition.
Sen. Blumenthal mentioned at a hearing earlier this year that he believes it’s attainable for a national information privateness framework to secure client data and be certain that innovation proceeds to thrive in a competitive market. In buy to execute this admirable goal, it is essential that lawmakers interact with startup corporations from the Hartford InsurTech Hub and some others in buy to make this goal a actuality.
Connecticut organizations have a large amount to increase to the conversation. We glimpse ahead to doing work with Sen. Blumenthal to enable craft a federal info privacy framework that strengthens client privateness protections even though promoting innovation and levels of competition.
Dawn LeBlanc is the controlling director of the Hartford InsurTech Hub, an initiative recognized by insurance policy carriers, the metropolis of Hartford and neighborhood stakeholders that is concentrated on business evolution through collaboration and innovation.