On Friday, February 9, 2024, from 11:00-11:30 AM Eastern, Eric Dinallo of the Insurance Regulatory Group, and Avi Gesser and Sharon Shaji of the Data Strategy & Security Group, are hosting a discussion on the NYDFS Proposed AI Insurance Circular Letter that was released on January 17, 2024, which sets out detailed requirements for insurance companies operating in New York that use AI or external data relating to board and senior management oversight, policies, risk assessments, transparency, auditing, bias testing, documentation, and vendor management. We will be discussing:

  • the scope of the proposed Circular Letter;
  • how the testing requirements might work in practice;
  • how these requirements compare with other AI insurance regulations; and
  • areas that should be addressed through the comment process

To sign up for the live webcast, please click here.

To sign up for the on-demand recording, please click here.

To read our thoughts on the NYDFS Proposed AI Circular Letter, click here.

To view previous webcasts, click here.

The cover art used in this blog post was generated by DALL-E.

Author

Eric R. Dinallo is Chair of the Debevoise insurance regulatory practice and a member of its Financial Institutions and White Collar & Regulatory Defense Groups in New York. He can be reached at edinallo@debevoise.com.

Author

Avi Gesser is Co-Chair of the Debevoise Data Strategy & Security Group. His practice focuses on advising major companies on a wide range of cybersecurity, privacy and artificial intelligence matters. He can be reached at agesser@debevoise.com.

Author

Sharon Shaji is a law clerk in the Litigation Department. Sharon can be reached at sshaji@debevoise.com.