IRI proposes changes to NAIC model on insurers’ use of AI
IRI supports NAIC’s consumer protection goals. IRI is wary of third-party AI contracts. IRI calls for clear standards for predictive models and AI in insurance. The Insured Retirement Institute (IRI) has suggested that revisions be considered for a proposed framework by the National Association of Insurance Commissioners (NAIC) regarding the utilization of algorithms, predictive models, … Read more