NYDFS adopts guidance on AI use by insurance firms
By New York State Department of Financial Services
The NYDFS has adopted guidance to protect consumers from unfair or unlawful discrimination by insurers using artificial intelligence. The guidance outlines DFS’s expectations for how all insurers authorized to write insurance in New York State develop and manage the integration of external consumer data and information sources (ECDIS), artificial intelligence systems (AIS), and other predictive…
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