What's In NY's Draft Guidance On AI Use In Insurance

By Marion Leydier, Yevgeniy Markov and Mehdi Ansari (January 24, 2024, 1:43 PM EST) -- On Jan. 17, 2024, the New York State Department of Financial Services, or NYDFS, released for public comment a draft circular letter setting forth proposed guidance for insurers licensed in New York that use artificial intelligence systems and external consumer data and information sources, or ECDIS, for underwriting and pricing purposes.[1]...

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