Comment Letter to NAIC on AI Systems Evaluation Tool

Providing an actuarial perspective on responsible use of AI in insurance, vice presidents from the Academy’s casualty, health, life, and risk management and financial reporting councils sent a comment letter to the NAIC in response to the Big Data and Artificial Intelligence (H) Working Group’s exposure of an AI Systems Evaluation Tool. The Academy supports inclusion of regulatory consistency, prioritizing state flexibility; principle-based flexibility; and consumer protection and fairness.