Bias | Ethics | AI | Innovation | Technology | I help insurance companies implement Predictive Modeling, Artificial Intelligence and Machine Learning
Compliance to SB21-169 (aka Regulation 10-1-1 from Colorado called Unfair Discrimination) has its first reporting requirement due June 1, 2024. In less than two weeks, companies have to spell out their plan toward compliance. Per section 6.A "Insurers that are using ECDIS, as well as algorithms and/or predictive models that use ECDIS, as of the effective date of this regulation must submit to the Division a narrative report summarizing the progress made towards complying with the requirements specified in Section 5 including identifying the areas still under development, any difficulties encountered, and expected completion date. This report is due June 1, 2024." How ready is the industry? How satisfy the regulators will be from these progress reports? https://lnkd.in/gzFTyU82
