NAIC’s Artificial Intelligence Working Group Adopts Principles for AI

On June 30, the NAIC’s Artificial Intelligence Working Group approved principles that call on insurers and others using AI to take proactive steps to avoid proxy discrimination against protected classes. While the principles will not have the effect of law, they are expected to serve as a road map for future regulatory workstreams.

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About the Author: Scott M. Kosnoff

Scott Kosnoff loves his job. He’s a top-notch regulatory, transactional and public policy lawyer who has been making the world a safer place for clients for more than 30 years. View Scott's full bio on the Faegre Drinker website.

About the Author: Sara Manske Powell

Sara Powell advises clients on international and U.S. domestic insurance matters. In particular, she counsels insurers, HMOs and regulators on corporate, transactional and regulatory matters. She has helped multiple Fortune 50 companies reach their goals and overcome their biggest obstacles. In the last year, Sara has advised clients on the ever-changing international insurance standards, including how those changes will impact both domestic-only and internationally active insurers. View Sara's full bio on the Faegre Drinker website.

About the Author: Jigar D. Gandhi

Jigar Gandhi advises clients on a range of compliance issues raised by United States federal and state privacy laws including the GLBA, CCPA, New York DFS Cybersecurity Regulation and the NAIC Data Security Model Law. Jigar also assists insurance clients in identifying pending legislative and regulatory challenges that may affect their business. Jigar represents life, health, property and casualty insurance companies in addition to insurance marketing organizations. Jigar was also appointed by D.C. Mayor Muriel Bowser to serve on the D.C. Financial Services Regulatory Sandbox and Innovation Council. View Jigar's full bio on the Faegre Drinker website.

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