InsurTech Issues in the Life Insurance Industry: AI Regulation and Underwriting Restriction Trends

On October 26, 2021, Faegre Drinker partners Scott Kosnoff, Tim O’Driscoll and Nolan Tully discussed trends in the regulation of life insurers’ use of artificial intelligence — collecting vast amounts of external consumer data and using algorithms to analyze and make predictions based on the data. The presentation included an overview of fundamental AI issues and concepts, as well as a discussion of specific state regulatory responses, including as applied in the context of credit reports and genetic testing.