2022 Adopted Charges
The Big Data and Artificial Intelligence (H) Working Group will:
- Research the use of big data and artificial intelligence (AI) including machine learning (ML) in the business of insurance and evaluate existing regulatory frameworks for overseeing and monitoring their use. Present findings and recommendations to the Innovation, Cybersecurity, and Technology (H) Committee including potential recommendations for the development of model governance for the use of big data and AI including ML for the insurance industry.
- Review current audit and certification programs and/or frameworks that could be used to oversee insurers’ use of consumer and non-insurance data, and models using intelligent algorithms, including AI. If appropriate, issue recommendations and coordinate with the appropriate subject matter expert (SME) committees on the development of or modifications to model laws, regulations, handbooks, and regulatory guidance, regarding data analysis, marketing, rating, underwriting and claims, regulation of data vendors and brokers, regulatory reporting requirements, and consumer disclosure requirements.
- Assess data and regulatory tools needed for state insurance regulators to appropriately monitor the marketplace, and evaluate the use of big data, algorithms, and machine learning, including AI/ML in underwriting, rating, claims and marketing practices. This assessment shall include a review of currently available data and tools, as well as recommendations for development of additional data and tools, as appropriate. Based on this assessment, propose a means to include these tools in existing and/or new regulatory oversight and monitoring processes to promote consistent oversight and monitoring efforts across state insurance departments.
Big Data and Artificial Intelligence (H) Working Group
Tuesday, April 05, 2022
11:00 AM - 12:30 PM CDT
Grand Ballroom 2501 C - Convention Center - Level 2
Audio Only: This meeting will be available by audio only for registrants not attending in person. Dial in information will be available in the Event App.
Public Webex Meeting
Friday, July 09, 2021
12:30 PM ET, 11:30 AM CT, 10:30 AM MT, 9:30 AM PT
Expected Length of Call: 1 hr
Webex Link
Discuss draft survey.
Public Conference Call
Friday, April 09, 2021
12:30 PM ET, 11:30 AM CT, 10:30 AM MT, 9:30 AM PT
Expected Length of Call: 1 hr
Webex Link
To be determined.
Contacts
Media Inquiries
(816) 783-8909
news@naic.org
Tim Mullen
Director Market Regulation
816-783-8260
Denise Matthews
Director, Property & Casualty Regulatory Services
816-783-8007
Please see the current Committee List for a complete list of committee members.