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NAIC Unanimously Adopts Artificial Intelligence Guiding Principles

August 20, 2020

The National Association of Insurance Commissioners (NAIC), the primary regulatory body of insurance in the United States, took a positive step toward enhanced regulation of artificial intelligence and machine learning systems. The core principles it established are represented in the acronym FACTS:

  • Fair and Ethical
  • Accountable
  • Compliant
  • Transparent
  • Secure/Safe/Robust

Explicitly calling out Accountability as a key need for AI systems fits into a larger trend that we're seeing pushing beyond responsible use into assigning accountability and creating the expectation that companies operate their intelligent technology with intentionality.

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Regulation & Legislation