State insurance regulators pursue more data on industry use of AI

March 28, 2023 by John Hilton

State insurance regulators are finishing up an industry survey to learn how home insurers are using artificial intelligence and machine learning.

Next up, a similar survey of life insurers will be sent to 192 companies on Friday, March 31, said Kevin Gaffney, commissioner of the Vermont Department of Financial Regulation. Gaffney reported updates on the effort Wednesday to the Big Data and Artificial Intelligence Working Group.

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Originally Posted at InsuranceNewsNet on March 27, 2023 by John Hilton.