On August 13, 2023, the Innovation, Cybersecurity, and Technology (H) Committee ("H Committee") met at the Summer 2023 US National Meeting of the National Association of Insurance Commissioners.
At the Fall 2022 National Meeting of the US National Association of Insurance Commissioners ("NAIC"), the Big Data and Artificial Intelligence (H) Working Group ("BDAI Working Group"), a subgroup.
As the various NAIC groups and state regulators continue to ascertain the seaworthiness of insurers’ use of consumer data, algorithms, and machine learning, these lookouts have set.