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ARTICLE · 20 DECEMBER 2023

US NAIC Fall 2023 National Meeting Highlights: Big Data And Artificial Intelligence (H) Working Group

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On December 1, 2023, the Big Data and Artificial Intelligence (H) Working Group ("BDAI Working Group"), a working group of the Innovation, Cybersecurity, and Technology (H) Committee ("H Committee")...

United StatesTechnology
Lawrence Hamilton
Lawrence Hamilton
Vikram Sidhu
Vikram Sidhu
Jared Wilner
Jared Wilner
Yuliya Feldman
Yuliya Feldman
Juliana G. Toes
Juliana G. Toes
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On December 1, 2023, the Big Data and Artificial Intelligence (H) Working Group ("BDAI Working Group"), a working group of the Innovation, Cybersecurity, and Technology (H) Committee ("H Committee"), met at the Fall 2023 US National Meeting of the National Association of Insurance Commissioners ("NAIC"). The meeting covered the following matters.

Update on the Life Artificial Intelligence/Machine Learning Survey

Commissioner Kevin Gaffney of Vermont presented a report on the Life Artificial Intelligence/Machine Learning Survey, which was released shortly prior to the meeting. The survey, conducted under the market examination authorities in 14 states, focused on the use of artificial intelligence ("AI") and machine learning ("ML") in connection with life insurance products only and did not cover annuities. Noteworthy findings from the report included the following:

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