The State of New York will now have a member of its insurance department monitoring competition in the industry and other market initiatives, ensuring regulators are meeting the needs of policyholders.

Martin A. Schwartzman

New York Superintendent James W. Wrynn announced that Martin A. Schwartzman was named deputy superintendent for strategic planning and market initiatives, a new post with the New York State Insurance Department to ensure it “is operating as efficiently and effectively as possible in meeting the needs of consumers and industry,” according to a statement.

Schwartzman previously served as assistant deputy superintendent and chief of the life insurance bureau, responsible for the oversight of more than 500 life insurers, retirement systems, reinsurers, annuity funds and other entities. He has also served the NYSID as director of policy initiatives, assistant chief examiner for the property insurance bureau and supervising examiner for the health insurance bureau.

The new role will find Schwartzman aiding Wrynn in meeting his goal of making sure the state remains a competitive insurance marketplace, review agency procedures and processes and propose changes and also study the department’s structure to be sure it fits the current state of the market, according to the NYSID. He will also undertake special projects at Wrynn’s direction and is currently aiding in efforts to develop reform proposals for medical malpractice and title insurance.

“I look forward to working closely with Marty in this new leadership position,” Wrynn said in a statement. “Marty has broad experience in a wide range of significant insurance issues. He is a valuable member of the Insurance Department and has compiled an excellent record of public service.”

Schwartzman has numerous professional designations and memberships, including certified financial examiner (CFE), certified insurance examiner (CIE) and chartered property and casualty underwriter (CPCU).