News & Analysis as of

Big Data Algorithms Insurance Regulations

McDermott Will & Emery

Update on NAIC’s Consideration of AI Model Law for Insurers

McDermott Will & Emery on

On May 12, 2025, the National Association of Insurance Commissioners’ (NAIC) Big Data and Artificial Intelligence (H) Working Group released a Request for Information (RFI), signaling that it may draft a model law to regulate...more

Carlton Fields

NAIC Groups Carve Up the Mountain at the Winter Meeting

Carlton Fields on

After strapping on their skis and riding up the lifts, the NAIC groups reported to their events. The results of the events of note for life insurers are as follows...more

Carlton Fields

NAIC Tills the Accelerated Underwriting Garden

Carlton Fields on

The Accelerated Underwriting (A) Working Group (AU WG) sprang into action during the first part of the year learning about the landscape of insurers' use of algorithms in underwriting and potential issues of such use, holding...more

Carlton Fields

Life Insurers Sinking in Quicksand as Regulators Scrutinize Non-Traditional Consumer Data Sources

Carlton Fields on

As previously reported in our October 9, 2018, client alert, the sands began shifting in late 2018 when the NAIC Big Data Working Group (Big Data WG) began questioning life insurer’s use of big data after a LIMRA survey found...more

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