Emerging Topics Community: Comparison of Regulatory Framework for Non Discriminatory AI Usage in Insurance
Join Joe Alaimo, Founder and CEO of ProComp, and David Schraub, Founder and CEO of David Schraub Actuarial Consultancy, as they discuss the rapidly developing regulatory frameworks surrounding AI in the insurance industry. They explore the intricacies of laws and guidelines across the U.S., Canada, the European Union, and China, focusing on AI's role in underwriting, pricing, and risk management. David shares insights on how actuaries can navigate the regulatory challenges of AI while promoting fairness and transparency. Key topics include transparency, data governance, anti-discrimination efforts, and how different regions are approaching these issues. If you're interested in staying ahead of the curve in AI regulation, this episode offers valuable information
For more details, please read the full article sponsored by the Society of Actuaries Research Institute and the Casualty Actuarial Society: https://www.soa.org/resources/research-reports/2024/regulatory-framework-comparison-ai/
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