The insurance industry is facing increased scrutiny from insurance regulators related to its use of artificial intelligence (AI). Red teaming can be leveraged to address some of the risks associated with an insurer’s use of...more
8/13/2025
/ Artificial Intelligence ,
Consumer Insurance Products ,
Consumer Privacy Rights ,
Corporate Governance ,
Cybersecurity ,
Data Management ,
Innovative Technology ,
Insurance Regulations ,
Machine Learning ,
NAIC ,
NIST ,
NYDFS ,
Regulatory Requirements ,
Risk Management
On October 16, 2024, the NY DFS issued an Industry Letter explaining “how Covered Entities should use the framework set forth in Part 500 to assess and address the cybersecurity risks arising from AI.”...more
On Thursday, July 11, 2024, the New York Department of Financial Services (“NYDFS”) issued Circular No. 7 Re: Use of Artificial Intelligence Systems and External Consumer Data and Information Sources in Insurance Underwriting...more
On January 17, 2024, the New York Department of Financial Services (“NYDFS”) exposed for comment a proposed circular letter regarding “Use of Artificial Intelligence Systems and External Consumer Data and Information Sources...more