Regulatory Update: NAIC Fall 2018 National Meeting

Data Matters

NAIC Continues its Evaluation of Insurers’ Use of Big Data. The Casualty Actuarial and Statistical (C) Task Force exposed for public comment (until January 15, 2019) a draft white paper regarding insurers’ use of predictive modeling, which addresses: (a) the sources of data used by companies; (b) data points selected by companies as inputs for predictive modeling; (c) how the predictive models were developed and the results that they produce; and (d) final rate filings with states.

Paper 65