Insurers seek new technologies to make underwriting more inclusive
November 16, 20235 min
As fears continue to grow over AI and its ability to discriminate against minorities and other protected populations, insurers are seeking new ways to utilize technology to make policies more inclusive for underserved populations. Effective November 14th, a new regulation adopted by the Colorado Division of Insurance (CDI) prohibits life insurance companies from using external consumer data and information sources, algorithms, and predictive models to discriminate based on race. This new law comes at a...
