Your AI underwriting, claims, and pricing models face a growing web of regulation — from fair lending laws to state AI acts.
The pain
Insurance is one of the most heavily regulated industries for AI — and the penalties for non-compliance are severe. Your models touch credit decisions, health data, and employment outcomes simultaneously.
ECOA / Reg BFair Lending (HMDA)HIPAA + AIState AI Acts
Laws that likely apply to you
ECOA / Regulation B — adverse action notices required for AI credit/underwriting decisions
Fair Lending (HMDA) — disparate impact analysis for AI lending models
HIPAA + AI — PHI in training data requires BAA and de-identification
NAIC AI model bulletin — adopted in 20+ states: a written AI systems program, vendor oversight and documentation, examinable in market conduct exams
NY DFS Circular Letter 2024-7 — proxy and bias testing for AI and external consumer data in underwriting and pricing, with annual testing and board oversight
Colorado SB 21-169 — quantitative testing of external data and algorithms, plus an annual attestation to the Division of Insurance
What we do
We help insurance companies map their AI obligations, build governance programs, and prepare for audits. Our assessment tool shows exactly which laws apply to your organization.