NAIC to make insurers show AI use in claims and models

NAIC to make insurers show AI use in claims and models

NAIC Requires Insurers to Disclose AI Use in Claims Operations

The National Association of Insurance Commissioners (NAIC) is working on an evaluation tool for artificial intelligence systems used by insurers. State insurance commissioners anticipate that the tool will lead to increased disclosures regarding how AI is employed in claims operations and oversight. This development was shared by representatives of an industry group who attended a recent NAIC conference.

Original Source: https://www.dig-in.com/news/naic-to-make-insurers-show-ai-use-in-claims-and-models