4Policy·Jun 18
Some States Are Forging Ahead With AI Regulations
State insurance commissioners are increasingly implementing specific regulations for the use of artificial intelligence in underwriting and claims processing. These measures require companies to maintain operational accountability and demonstrate transparency in their algorithmic decision-making. By moving beyond general voluntary principles, these states are setting localized compliance standards that force insurers to justify how their software avoids discriminatory outcomes.
Covered by 2 sources
- WWolters Kluwer↗Jun 18
- IInsurance Journal↗Jun 18