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When Algorithms Underwrite: Insurance Regulators Demanding Explainable AI Systems

Insurers are increasingly using artificial intelligence (AI) systems across operations, including underwriting policies, pricing, claims processing, fraud detection and customer service.

With the broad use and deployment of automated decision-making technology comes heightened scrutiny. 

Read more about how regulators, consumer advocates and courts are sharpening their focus on fairness, transparency and accountability in AI-driven insurance decisions.

Author(s):

Harry A. Valetk, Shareholder
Email: harry.valetk@bipc.com

Megan E. Smith-Beaty, Associate
Email: megan.smith-beaty@bipc.com

Jayson R. Wolfgang, Shareholder, Head of the Harrisburg Office, Insurance & Reinsurance Practice Group Co-Leader
Email: jayson.wolfgang@bipc.com

H Marc Tepper, Shareholder, Head of the Philadelphia Office, Insurance & Reinsurance Practice Group Leader
Email: marc.tepper@bipc.com