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Connecticut Reminds Insurers to Avoid Discriminatory Practices with Big Data

Connecticut Reminds Insurers to Avoid Discriminatory Practices with Big Data April 16, 2021 Connecticut Insurance Department (CID) Commissioner Andrew N. Mais issued a formal notice to insurers licensed by the department that their use of technology and big data must be in full compliance with federal and state anti-discrimination laws. The notice, issued April 14, came from recommendations made by the department’s Advisory Council on Consumer Data. The council identified the types of big data being collected, how the data is being used, legal and ethical issues with the use of big data and how to better protect consumer information. “The growing use of big data and artificial intelligence is changing the insurance landscape in many ways,” Mais said in a press release issued by his office. “As regulators, it is important that the Connecticut Insurance Department closely collaborates with all stakeholders to both support the growth of in

Change Starts From Within - InsuranceNewsNet

Change Starts From Within - InsuranceNewsNet
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