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Big Data (EX) Working Group

2019 Charges:

The Big Data (EX) Working Group will:

  1. Review current regulatory frameworks used to oversee insurers' use of consumer and non-insurance data. If appropriate, recommend modifications to model laws and/or regulations regarding marketing, rating, underwriting and claims, regulation of data vendors and brokers, regulatory reporting requirements, and consumer disclosure requirements.
  2. Propose a mechanism to provide resources and allow the states to share resources to facilitate their ability to conduct technical analysis of, and data collection related to, the review of complex models used by insurers for underwriting, rating and claims. Such a mechanism shall respect and in no way limit the states' regulatory authority.
  3. Assess data needs and required tools for state insurance regulators to appropriately monitor the marketplace and evaluate underwriting, rating, claims and marketing practices. This assessment shall include gaining a better understanding of currently available data and tools, as well as recommendations for additional data and tools, as appropriate. Based on this assessment, propose a means to collect, house and analyze needed data.
Big Data (EX) Working Group

2019 Summer National Meeting
New York
Big Data (EX) Working Group
Saturday, August 03, 2019
8:00 AM - 9:00 AM ET

America's Hall I - 3rd Level

Related NAIC Publications

Contacts

Media Inquiries
(816) 783-8909
news@naic.org


Tim Mullen
Director Market Regulation
Phone: 816-783-8260

Kris DeFrain
Director, Research and Actuarial Department
Phone: 816-783-8229

Randy Helder
Assistant Director Market Regulation
Phone: 816-783-8261

Please see the current Committee List for a complete list of committee members.

 

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