The Artificial Intelligence and Machine Learning (AI/ML) Survey is intended to inform the work of the Big Data and Artificial Intelligence (H) Working Group in support of its charge to:
Research the use of big data and artificial intelligence (AI) in the business of insurance and evaluate existing regulatory frameworks for overseeing and monitoring their use. Present findings and recommend next steps, if any, to the Innovation and Technology (EX) Task Force, which may include model governance for the use of big data and AI for the insurance industry.
The survey is being conducted under the examination authorities of 10 requesting states (Connecticut, Illinois, Iowa, Louisiana, Nevada, North Dakota, Pennsylvania, Rhode Island, Vermont, and Wisconsin). The survey will be sent to companies writing Home insurance business in one or more of these 10 states, but the responses to the survey will be national in scope.
Any company licensed to write home insurance in one of the 10 participating states and has at least $50 million in national home insurance premium for 2020 will be required to complete the survey.
The official call letter is expected to be sent around October 15.
Survey Responses Due: Dec. 15, 2022
All questions should be sent to firstname.lastname@example.org