On Friday, July 15, 2022, Eric Dinallo, Avi Gesser, Erez Liebermann, and Anna Gressel participated in the latest installment of Debevoise’s Insurance Series webcast to discuss the implications of the recent California Insurance Department Bulletin on Allegations of Racial Bias and Unfair Discrimination in Marketing, Rating, Underwriting, and Claims Practices by the Insurance Industry. Their discussion included:
- The scope of the Bulletin beyond AI, to cover models that use Big Data for marketing, underwriting, claims processing and fraud investigations;
- Which data inputs may be scrutinized as potential proxies for protected classes;
- Transparency and explainability expectations; and
- Practical steps companies can take to mitigate regulatory and reputational risks when using AI and Big Data.
To receive the on-demand recording, click here.
To read our recent Data Blog post on California’s Bulletin, click here, and to view Part III of our webcast series on Artificial Intelligence and Discrimination in the Insurance Industry, click here. To see our other AI-related webcasts, including Part I and Part II, please click here.
To see what you may have missed on AI Regulation, please click here.
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