governance News

Viewpoint: Regulatory Interest in Big Data, AI More Than a Carrier Problem

The California Insurance Commissioner and the California Department of Insurance (CDI) recently issued a bulletin regarding industry bias and discrimination. The bulletin acknowledged allegations of bias and discrimination in the industry and gave notice to insurance players that the CDI …

IBM’s Algorithmics, Insurers Analyze Solvency II Compliance Preparation

Despite delays and complaints the European Union’s Solvency II regulations, which cover the insurance industry, are slowly but surely moving forward. While most of the industry is primarily concerned with the regulations governing capital requirements – Solvency II’s “Pillar I,” …

World Economic Forum Warns Economic, Social Turmoil Risk Globalization Gains

The latest report from the World Economic Forum highlights the “world’s vulnerability to further economic shocks and social upheavals.” Together they “risk undermining the progress that globalization has brought,” the report warns. The seventh edition of the Global Risks 2012 …