Emerging Topics Community: Comparison of Regulatory Framework for Non Discriminatory AI Usage in Insurance

Summary: In this episode, Joe Alaimo and David Schraub dive into the evolving landscape of AI regulations in the insurance industry. They explore key frameworks from the U.S., Canada, the EU, and China, shedding light on the challenges and opportunities that actuaries and insurers face in ensuring non-discriminatory and ethical AI use.

May 27, 2025

13 minutes to listen

Topics:: Artificial intelligence & machine learning; Actuarial Profession

Join Joe Alaimo, Founder and CEO of ProComp, and David Schraub, Founder and CEO of David Schraub Actuarial Consultancy, as they discuss the rapidly developing regulatory frameworks surrounding AI in the insurance industry. They explore the intricacies of laws and guidelines across the U.S., Canada, the European Union, and China, focusing on AI's role in underwriting, pricing, and risk management. David shares insights on how actuaries can navigate the regulatory challenges of AI while promoting fairness and transparency. Key topics include transparency, data governance, anti-discrimination efforts, and how different regions are approaching these issues. If you're interested in staying ahead of the curve in AI regulation, this episode offers valuable information

For more details, please read the full article sponsored by the Society of Actuaries Research Institute and the Casualty Actuarial Society: https://www.soa.org/resources/research-reports/2024/regulatory-framework-comparison-ai/