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February 1, 2024
NYDFS Releases Circular Letter on Use of AI in Insurance Underwriting and Pricing
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Blog Posts August 9, 2024NYDFS Issues Final Circular Letter Guidance on Use of AI in Insurance Underwriting and Pricing
On July 11, 2024, the New York Department of Financial Services (“NYDFS”) released Insurance Circular Letter No. 7, which establishes guidelines on the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing (“Final Circular Letter”). The Final Circular Letter comes in the wake of a […]
The post NYDFS Issues Final Circular Letter Guidance on Use of AI in Insurance Underwriting and Pricing appeared first on Alston & Bird Privacy, Cyber & Data Strategy Blog.
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