On May 12, 2025, the National Association of Insurance Commissioners’ (NAIC) Big Data and Artificial Intelligence (H) Working Group released a Request for Information (RFI), signaling that it may draft a model law to regulate...more
5/23/2025
/ Algorithms ,
Artificial Intelligence ,
Automated Decision Systems (ADS) ,
Big Data ,
Insurance Industry ,
Insurance Regulations ,
New Regulations ,
Proposed Legislation ,
Regulatory Agenda ,
Regulatory Requirements ,
Technology
On January 17, 2024, the New York State Department of Financial Services (NYDFS) issued a proposed Circular Letter that provides guidance for authorized insurers using external consumer data and information sources (ECDIS)...more
We previously reported on regulators’ increased attention to the use of big data systems, including external consumer data and information sources, algorithms and predictive models. Recent announcements in Colorado, Louisiana...more
2/2/2023
/ Artificial Intelligence ,
Colorado ,
Data Collection ,
Data Privacy ,
Data Protection ,
Financial Services Industry ,
Insurance Industry ,
Insurance Regulations ,
Life Insurance ,
Louisiana ,
Money Laundering ,
New York ,
NYDFS ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Factors