Regulation of Big Data and Its Use by Insurance Companies in Underwriting, Claims Handling, and Pricing

July 25, 2016 1:15pm

Richard Faulkner
Attorney, Mediator, and Arbitrator
Blume, Faulkner & Skeen, PLLC

Philip J. Loree, Jr.
Partner
Loree & Loree

Lisa Brown
Sr. Counsel & Director, Compliance Resources
American Insurance Association (AIA)

David Snyder
Vice President, International Policy
Property Casualty Insurers Association of America (PCI)

  • What can and can’t be used?
  • Is it appropriate to use this data in underwriting, claims handling, and pricing?
  • Regulation of big data
  • Where does NAIC stand on this issue currently?