Dec. 15, 2023
Hawaii Insurance Commissioner Gordon Ito Discusses 海角论坛 and State Insurance Supervisors' Work on AI at OECD-OJK Roundtable
Hawaii Insurance Commissioner Gordon Ito participated in the Organization for Economic Co-operation and Development (OECD) - Indonesian Financial Services Authority (OJK) Roundtable on Leveraging Technology for Risk Assessment and Risk Reduction in Insurance on Dec. 14-15.
On Dec. 14, Commissioner Ito discussed the 海角论坛 and state supervisors鈥 efforts in developing rules around Artificial Intelligence (AI) during a panel on 鈥淎ddressing Emerging Risks from Technology Adoption,鈥 including topics such as ongoing surveys on the use of AI, the recently approved Model Bulletin on the Use of Artificial Intelligence Systems by Insurers, development of privacy protection rules, and the use of suptech, among others.
Commissioner Ito joined a regulator-only session on Dec. 15 to discuss some of the key tech issues facing regulators, especially in emerging Asian countries.
(Top: Hawaii Insurance Commissioner Gordon Ito speaks during the OECD-OJK Roundtable on Leveraging Technology for Risk Assessment and Risk Reduction in Insurance.)
About the 海角论坛
As part of our state-based system of insurance regulation in the United States, the 海角论坛 (海角论坛) 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 海角论坛, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. 海角论坛 staff supports these efforts and represents the collective views of state regulators domestically and internationally.