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Artificial Intelligence Briefing: NAIC Lays Out Regulatory Guidance in 10-Page Bulletin

JDSupra
Topics: Artificial Intelligence NAIC
Date Published: 08/02/2023
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Article

American Academy of Actuaries Recognizes Members’ Volunteer and Public Service

WASHINGTON—The American Academy of Actuaries is pleased to announce the recipients of its two most prestigious annual awards, the 2021 Jarvis Farley Service Award and the 2021 Robert J. Myers…
Topics: Actuarial Standards Artificial Intelligence Financial Security Health Equity Life Insurance Principle-Based Reserving Professionalism Public Policy Risk-Based Capital Social Security
Date Published: 11/05/2021
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Article

Academy Paper Examines Emerging Issues Brought About by the Increased Use of Big Data and Algorithms in Insurance

WASHINGTON—A new public policy paper published by the American Academy Actuaries, Big Data and Algorithms in Actuarial Modeling and Consumer Impacts, provides a framework for consumers, regulators,…
Topics: Artificial Intelligence Benefits Data Science / Big Data Financial Security Professionalism Public Policy
Date Published: 11/05/2021
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Related Resources

Comment / Letter

Academy Comments to NAIC on Proposed AI in Insurance Model Law

Academy casualty, health, life, and risk management and financial reporting vice presidents sent a comment letter to the NAIC in response a request for information by NAIC’s Big Data and…
Topics: Artificial Intelligence NAIC
Date Published: 07/01/2025
Policy & Research
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AI and Data

Don’t Be Scared! Cybersecurity Awareness Month Serves as a Reminder of Threats  (blog)  AI Is Shaping the Future of Underwriting, Fraud Detection, Risk…
Topics: Artificial Intelligence
Date Published: 04/18/2025
Comment / Letter

DSAC Comments to IAIS on a Public Consultation on AI

The Data Science and Analytics Committee (DSAC) submitted comments to the International Association of Insurance Supervisors (IAIS) on IAIS’ public consultation draft application paper on the…
Topics: Artificial Intelligence Data Science / Big Data
Date Published: 02/27/2025
Policy & Research
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Discussion Paper

Actuarial Professionalism Considerations for Generative AI

Topics: Artificial Intelligence Professionalism
Date Published: 09/19/2024
Professionalism
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Comment / Letter

Committee Comments on AI Use in the Financial Services Sector

The Data Science and Analytics Committee commented to the U.S. Department of the Treasury on the Request for Information (RFI) on Uses, Opportunities, and Risks of Artificial Intelligence in the…
Topics: Artificial Intelligence Financial Reporting Risk Management
Date Published: 08/12/2024
Policy & Research
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Presentation

CPC Presentation at CAS Spring Meeting

Academy Casualty Policy Analyst Rob Fischer, Senior Fellow Rich Gibson, and Will Davis of the South Carolina Department of Insurance presented at the Casualty Actuarial Society’s Spring Meeting on…
Topics: Artificial Intelligence Casualty Governance NAIC Public Policy
Date Published: 05/08/2024
Policy & Research
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Comment / Letter

Cross-Practice Letter on NY Proposed Circular on AIS and ECDIS in Insurance Underwriting and Pricing

The Academy’s Health, Life, and Casualty practice councils submitted comments on New York State Department of Financial Services’ proposed insurance circular letter on the use of Artificial…
Topics: Artificial Intelligence Casualty
Date Published: 03/14/2024
Policy & Research
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Comment / Letter

Risk Management and Financial Reporting Committee Submits Comments to the National Association of Insurance Commissioners on AI

The Risk Management and Financial Reporting Committee submitted comments on Sept. 1 to the NAIC on their Draft Model Bulletin Use of Algorithms, Predictive Models, and Artificial Intelligence Systems…
Topics: Artificial Intelligence Casualty Financial Reporting Governance NAIC Risk Management
Date Published: 09/07/2023
Policy & Research
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Issue Brief

Discrimination: Considerations for Machine Learning, AI Models, and Underlying Data

This issue brief defines discrimination (including distinguishing between discrimination, unfair discrimination, and unjust discrimination); presents practical methods for testing and monitoring…
Topics: Artificial Intelligence Financial Reporting Risk Management
Date Published: 08/07/2023
Policy & Research
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Comment / Letter

Life Practice Council and Casualty Practice Council Submit a Joint Comment Letter to the NAIC’s Big Data and Artificial Intelligence (H) Working Group

Life Practice Council and the Casualty Practice Council submitted a joint comment letter to the National Association of Insurance Commissioner’s Big Data and Artificial Intelligence (H) Working…
Topics: Artificial Intelligence Casualty Data Science / Big Data NAIC
Date Published: 02/13/2023
Policy & Research
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