American InsurTech Council

Start your morning with insights! Join us for our annual Summer Breakfast Briefing featuring special guest Michael Humphreys, Pennsylvania Insurance Commissioner.

📅 Monday, August 11th
📍 2025 Summer National Meeting, Minneapolis, MN

Don't miss this opportunity to connect and learn how AI is changing insurance. Reserve your spot!

John Standish, Co-Founder at Charlee.ai discusses how artificial intelligence must be built for the insurance industry

Listen here:
https://youtu.be/VIdStkSrZ40?
si=AYjOKXkq0TTknplz

Can Insurance Employ AI That’s Both Powerful and Fair? - EP 60 - John Standish - Charlee AI Artificial intelligence is rapidly reshaping how insurance companies process claims, detect fraud, and manage risk. But to be effective and fair, AI must be ...

On Friday, AITC Submitted its comment letter regarding Third Party Vendor Definition, to the NAIC. https://www.linkedin.com/feed/update/urn:li:activity:7342706139626672128

National Association of Insurance Commissioners

AITC insight on the states and insurance AI

National Association of Insurance Commissioners

Think Advisor

Let States Regulate Insurance AI, Industry Group Says The American InsurTech Council opposes efforts to restrict state oversight for 10 years.

Join us Tuesday, March 25th for our Annual Spring Breakfast Briefing. Spots are limited, RSVP to Teri at [email protected]

Thank you Allison Bell, for the recent interview with our co-founder, Scott Harrison. Think Advisor

What If Life and Annuity Issuers Use Vendors With Bad AIs? Regulators are wrestling with questions about how to handle the service providers' tech.

📅 On Thursday, February 6th, join the American InsurTech Council for an exclusive update on the regulation of AI. This is a must-attend session to understand where AI regulation stands today, where it's headed, and the key risk areas you should be aware of.

11:00 AM PT / 2:00 PM ET
Registration: https://loom.ly/TKjZpf4

American InsurTech Council and InsurTech Association Announce Strategic Alliance to Shape the Future of Insurance Technology Learn more here:
https://www.linkedin.com/pulse/american-insurtech-council-association-announce-mnmpc

The American InsurTech Council (AITC) is extremely proud that two of its Sponsoring Companies – Assured Allies and LexisNexis Risk Solutions - testified before the Life Insurance and Financial Planning Committee at the National Conference of Insurance Legislators (NCOIL) Annual Meeting in San Antonio on November 22, 2024. Michael Gugig, General Counsel of Assured Allies, discussed Assured Allies’ groundbreaking innovations in the long term care insurance marketplace with Committee members. Patrick Sugent, VP of Data Science at Lexis Nexis Risk Solutions, presented his companies’ 2024 Life Insurance Mortality Study. AITC appreciates NCOIL for recognizing these two companies for their leadership in driving innovation in insurance.

Alaska Division of Insurance adopts NAIC Artificial Intelligence Principles.
On February 1, ADI issued Bulletin B 24-01, AI Systems in Insurance, that is intended as a guide for insurers as they develop and use AI systems. The bulletin includes General, Governance, and Risk Management and Internal Control guidelines. Alaska is the first state to adopt the National Association of Insurance Commissioners AI Principles.

Link to the Bulletin:

www.commerce.alaska.gov

AITC Submits Comment Letter Re: The Revised NAIC Model Bulletin: Use of Algorithms, Predictive Models, and Artificial Intelligence Systems By Insurers.

AITC comments include the need for a confidential self-audit of AI processes that would provide a framework for self-examination (including third-party providers) and, where necessary, remedial action; the need for a third-party vendor oversight process that should give insurance carriers and third party vendors an opportunity to develop approaches that ensure the transparency that regulators expect while also ensuring legitimate IP concerns; and proposing that the NAIC utilize a pilot project approach to develop a deeper understanding of how AI is utilized in practice, including companies’ risk management practices.

Link to letter:

AITC Comment Letter: Revised NAIC Model Bulletin: Use of Algorithms, Predictive Models, and AI Systems By Insurers — InsureTech Council November 6, 2023  Commissioner Kathleen Birrane Chair, Innovation, Cybersecurity, and Technology (H) Committee National Association of Insurance Commissioners 1100 Walnut Street, Suite 1500 Kansas City, MO  64105  Re:  Revised NAIC Model Bulletin: Use of Algorit