Critics worry about personal data in NAIC accelerated underwriting effort

July 16, 2024 by John Hilton

Regulators rushing to finish a new accelerated underwriting guidance need to be wary of privacy concerns and the potential for discrimination, advocates said Thursday.

The Accelerated Underwriting Working Group picked up work on the guidance effort in recent months and is working swiftly to get a completed product before the National Association of Insurance Commissioners’ summer meeting Aug. 12-15 in Chicago.

During a Thursday call, working group members went over several areas that generated comments from both consumer advocates and the American Council of Life Insurers.

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Originally Posted at InsuranceNewsNet on July 15, 2024 by John Hilton.