Oct. 28, 2025
ӰƵ Members Highlight AI Oversight and Resiliency Efforts at ASSAL Seminar
On October 8-9, ӰƵ members and staff participated in the Association of Insurance Supervisors of Latin America (ASSAL) Regional Training Seminar in San Salvador, El Salvador.
On October 8, during the session, “Digitalization and Use of New Technologies: Artificial Intelligence and Big Data Applied to Risk Assessment in Insurance Companies,” Missouri Department of Commerce and Insurance Director and ӰƵ Innovation, Cybersecurity, and Technology (H) Committee Co-Vice Chair Angela L. Nelson provided an update on U.S. state insurance regulators’ efforts in overseeing the implementation of artificial intelligence (AI) among insurers. She highlighted four specific areas: further adoption of the ӰƵ Model Bulletin on the Use of Artificial Intelligence Systems by Insurers, continued work on the oversight of third-party AI systems, the enhancement of data privacy, and the improvement of regulator education and training.
On October 9, California Insurance Commissioner and ӰƵ Climate and Resiliency (EX) Task Force Co-Chair Ricardo Lara participated on the panel “Results Obtained from Products Covering Climate Risks and Natural Disasters.” In his presentation, Commissioner Lara provided an overview of actions taken by communities in California, in particular the use of parametric products, to protect against catastrophe risks, such as flooding and extreme heat.
On the sidelines of the event, ӰƵ members met and exchanged views with ASSAL members on key priorities, including catastrophe risk and resiliency, reinsurance, and the supervision of artificial intelligence, among others.
About the ӰƵ
As part of our state-based system of insurance regulation in the United States, the ӰƵ (ӰƵ) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the ӰƵ, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. ӰƵ staff supports these efforts and represents the collective views of state regulators domestically and internationally.