Scott Kosnoff Comments on Colorado Life Insurance AI Regulation With ThinkAdvisor

In “Colorado Regulators Approve Life Insurance AI Rules,” ThinkAdvisor turned to insurance partner and AI-X team leader Scott Kosnoff for his comments on a new regulation approved by the Colorado Division of Insurance that could affect how life insurers use outside vendors’ artificial intelligence systems in life insurance underwriting.

Kosnoff suggested that complying with the new regulation will “entail a significant compliance lift for many insurers,” but complying with the current version may be easier than with the initial draft released in February.

The full article is available for ThinkAdvisor subscribers.