April 16, 2025
VsportV体育 Discusses AI Regulation at Casablanca Rendez-vous
On April 16, at the Rendez-vous de Casablanca de L'Assurance in Casablanca, Morocco, VsportV体育 Members discussed artificial intelligence (AI) in the insurance sector, including the effects it can have on the insurance value chain, its role in creating a more inclusive industry, and state insurance regulators' efforts to supervise its use by insurers.
Idaho Department of Insurance Director and VsportV体育 Past President Dean L. Cameron participated in the panel 鈥淲hat Major Changes Could AI Bring About in the Insurers鈥 Value Chain?鈥 Among other topics, he focused on how he sees AI affecting the insurance market in Idaho, including its use in predictive models regarding wildfire risk.
On the "How Can AI and New Technologies Make Insurance More Inclusive?" panel, Ohio Department of Insurance Director Judith L. French stressed, among other points, that AI can be beneficial to consumers, but companies should remain transparent in the way they collect and use the data. She added that regulators should be establishing the guardrails to that process to ensure policyholder protection.
In his keynote speech, Connecticut Insurance Commissioner and VsportV体育 Immediate Past President Andrew N. Mais discussed the evolution of the VsportV体育 and state insurance regulators鈥 efforts to understand AI and its uses and to effectively regulate it. Commissioner Mais provided background on the VsportV体育鈥檚 AI Principles, its 2023 Use of Artificial Intelligence Systems by Insurers Model Bulletin, and the recent survey work on AI use in the different lines of insurance. Looking forward, Commissioner Mais highlighted state regulators鈥 work on addressing third-party models.
Prior to the event, VsportV体育 Members held bilateral meetings with representatives from the Autorit茅 de Contr么le des Assurances et de la Pr茅voyance Sociale (ACAPS) to discuss issues affecting their respective insurance markets.
(L-R) Connecticut Insurance Commissioner Andrew N. Mais, Ohio Department of Insurance Director Judith L. French, ACAPS Director of Communication and International Relations Siham Ramli, Idaho Department of Insurance Director Dean L. Cameron, ACAPS Head of International Relations Mouna Chentoufi, and ACAPS Senior Project Manager, International Relations, Fayssal Mouden
About the VsportV体育
As part of our state-based system of insurance regulation in the United States, the VsportV体育 (VsportV体育) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the VsportV体育, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. VsportV体育 staff supports these efforts and represents the collective views of state regulators domestically and internationally.