AITC proposes regulatory framework to address insurance carrier use of third-party data and predictive models, including those utilizing AI. The proposal was submitted to the National Association of Insurance Commissioners Third Party Data and Models Task Force. Our proposal introduces an attestation model framework designed to ensure that insurers using AI from third-party providers comply with regulatory guidance as outlined in the Model AI Bulletin. This framework requires insurers to annually attest to their compliance, reinforcing the Task Force’s primary goal: ensuring that insurers remain accountable for adhering to insurance laws and regulations while utilizing third-party data and models. Our proposal also aims to enhance regulatory oversight and protect consumers effectively. We look forward to a robust discussion! AITC web site: www.americaninsurtech.com #AITC #Insurance #AI #Regulation #Compliance #ConsumerProtection?#artificialintellegence #modernization #innovation #insurtech #fintech #NAIC
American InsurTech Council
保险业
Washington，DC 701 位关注者
AITC is the independent voice of InsurTechs, insurance companies, and others sharing common goals and objectives.
关于我们
The AITC's mission is to encourage and promote a modern regulatory environment for technology driven innovation that seeks to improve the business of insurance and consumer experience. AITC’s activities include guiding policy development, strategic counsel, communications, and advocacy before the federal and state legislators and regulators, and organizations such as the National Association of Insurance Commissioners, National Council of Insurance Legislators, American Legislative Exchange Council, National Conference of State Legislatures, the State Policy Network and the states. Based in Washington D.C., the majority of activities and leadership for the organization will be carried out in the states, where battles over insurance status, filings and product availability are being fought on a daily basis. Advocacy: AITC advocates for essential modernization of existing state laws and regulations to encourage the growth and development of the InsurTech market and for best practices. Education: AITC educates policymakers at the state and federal level on InsurTech issues that are important to its members. Provides education programming on matters of interest related to innovation in insurance. Policy Development: AITC informs policymakers at all levels about the benefits of the industry and works with members to develop policy positions on InsurTech issues. Setting Standards: AITC advocates for standards that protect consumer information, data security, eliminate unfair discrimination, and provide transparency. Contact us at: [email protected] www.americaninsurtech.com American InsurTech Council, 49 D Street, SE Washington, DC 20003, US
- 网站
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https://www.americaninsurtech.com
American InsurTech Council的外部链接
- 所属行业
- 保险业
- 规模
- 2-10 人
- 总部
- Washington，DC
- 类型
- 私人持股
- 创立
- 2020
- 领域
- Member representation、Government Relations、Legislative and Regulatory policy、Advocacy、Consulting、InsurTech、Innovation、Artificial Intelligence、AI和Insuretech
地点
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主要
获取路线
49 D Street, SE
US，DC，Washington，20003
American InsurTech Council员工
动态
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The American InsurTech Council (AITC) is extremely proud that two of its Sponsoring Companies – Assured Allies and LexisNexis Risk Solutions - testified before the Life Insurance and Financial Planning Committee at the National Conference of Insurance Legislators (NCOIL) Annual Meeting in San Antonio on November 22, 2024. Michael Gugig, General Counsel of Assured Allies, discussed Assured Allies’ groundbreaking innovations in the long term care insurance marketplace with Committee members. Patrick Sugent, VP of Data Science at Lexis Nexis Risk Solutions, presented his companies’ 2024 Life Insurance Mortality Study. AITC appreciates NCOIL for recognizing these two companies for their leadership in driving innovation in insurance. #insurtech #AITC #AI #innovation #NAIC #NCOIL
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Our thanks to Commisisoner Temple for being our guest speaker and to everyone who attended. AITC continues to be a leader supporting the NAIC's efforts to develop common sense regulatory frameworks for ethical use of AI.
The American InsurTech Council was pleased to welcome Louisiana Insurance Commissioner Tim Temple Sunday morning to AITC's Breakfast Briefing at the National Association of Commissioners Fall meeting in Denver. Commissioner Temple briefed attendees on his department's efforts to utilize AI and data analytics to enhance fraud detection, increased use of AI in property insurance, and the success of Louisiana's Fortified Roof Program. The NAIC is currently looking at third party use of AI and is expected to develop a regulatory framework in the near future. AITC web site: www.americaninsurtech.com #AI #artificialintellegence #insurance #insurtech #modernization #compliance #regulation #innovation
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The American InsurTech Council was pleased to welcome Louisiana Insurance Commissioner Tim Temple Sunday morning to AITC's Breakfast Briefing at the National Association of Commissioners Fall meeting in Denver. Commissioner Temple briefed attendees on his department's efforts to utilize AI and data analytics to enhance fraud detection, increased use of AI in property insurance, and the success of Louisiana's Fortified Roof Program. The NAIC is currently looking at third party use of AI and is expected to develop a regulatory framework in the near future. AITC web site: www.americaninsurtech.com #AI #artificialintellegence #insurance #insurtech #modernization #compliance #regulation #innovation
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Please join us at our Fall Breakfast Briefing during the upcoming National Association of Insurance Commissioners meeting in Denver, CO. Insurance Commissioner Tim Temple, Louisiana Department of Insurance, will be our guest speaker. We will discuss how AI is changing the insurance industry and the regulation of AI. Admission is free. Please RSVP. AITC Web Site: www.americaninsurtech.com #insurtech #artificialintelligence #AI #modernization #insurance #NAIC #regulation #innovation #compliance
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I’m looking forward to seeing my colleagues in Omaha at the end of this month.
We're on track to surpass our record attendees for ISP 2024! Join us to hear from our exceptional line up of speakers on our single stage, and for some great built-in networking opportunities. Register today at siliconprairienebraska.com. #dontmissout #insurtech #networking #bestspeakers
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Who can resist a new pair of socks…
We're stylin' our ISP 2024 socks on the Prairie! Our first 500 conference registrations will receive a pair - so register today at siliconprairienebraska.com (make sure to provide your mailing address). Be the envy of your colleagues, friends and family! #ISPTradition #Dontmissout
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AITC publishes “AI algorithms at a glance.” With all of the questions and often confusing information surrounding Artificial Intelligence (AI), AITC is providing a useful “AI algorithms at a glance” resource. The experts at Charlee.ai, one of our Founding Sponsors, responded with the thought leadership provided below as it relates to the insurance industry. As part of our education efforts, we wanted to share this with our friends, supporters, and insurance regulators who are grappling with these complex issues. We hope you find this resource useful. We formed AITC in 2021 to ensure that every stakeholder in the development of regulatory policy involving AI, predictive analytics, and other forms of digital innovation, has an effective voice with state insurance regulators, state legislators, and other policymakers. For more information visit our web site: www.americaninsurtech.com AITC serves as an educational and policy development resource to encourage and promote a modern regulatory environment for insurance products and services across all lines of business. #insurtech #modernization #artificialIntelligence #AI #insurance #innovation #regulation #compliance #NAIC #fintech
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Use of Artificial Intelligence in the insurance industry discussed at AITC Summer breakfast briefing. AITC held their summer breakfast briefing during the National Association of Commissioners meeting in Chicago. Special guest Eric Dunning, Nebraska Insurance Director, discussed the impact of AI and updated guests on the NAIC AI efforts. Insurance regulators are currently discussing AI and will make recommendations on developing regulatory, statutory or guidance updates. AITC will continue to participate in these discussions and the development of any proposed guidelines or regulations.? AITC web site: www.americaninsurtech.com #insurtech #modernization #insurance #compliance #regulation #innovation #artificialintelligence #AI #NAIC #fintech
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Please join us at our summer breakfast briefing at the upcoming National Association of Insurance Commissioner (NAIC) meeting in Chicago. Special guest Eric Dunning, Nebraska Director of Insurance, will join us to discuss state regulation of AI. #insurance #insurtech, #artificialintelligence #AI #regulation #modernization #innovation #fintech #compliance #NAIC
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