On August 4, 2020, the Big Data (EX) Working Group (the
“Big Data WG”) of the National Association of Insurance
Commissioners (“NAIC”) met by conference call as part
of the NAIC Summer 2020 National Meeting. The conference call
focused on updates from the Casualty Actuarial and Statistical (C)
Task Force (“CASTF”) and the Accelerated Underwriting
Working Group on the progress each has made on their respective
workstreams.
As we previously reported, CASTF is working on a white paper on
best practices for regulatory review of predictive models and
analytics by insurers. The development of the white paper is
driven by a need to promote comprehensive coordinated review of
predictive models across the states. During the Big Data WG
conference call, a presentation was given by the Chief Actuary of
the Louisiana Insurance Department regarding the draft white paper
which addresses (1) proposed changes to Product Filing Review
Handbook (the “Handbook”) to include best
