220 - Insuring Tomorrow: Navigating AI, Regulation, and Innovation

That Annuity Show

In this episode of That Annuity Show, recorded live at RetiretechTM Vegas, we delve into the dynamic interplay between technology, regulation, and innovation within the insurance industry. Our panelists, including Commissioners Andrew Mais from Connecticut, Nathan Houdek from Wisconsin, Kathleen Birrane from Maryland, and Troy Downing from Montana, along with moderator George Esposito of Zinnia, lead a discussion on the pivotal role of artificial intelligence (AI) in reshaping the landscape of insurance. Throughout the conversation, they stress the crucial balance between fostering innovation and maintaining regulatory oversight to uphold fair treatment of policyholders. With a keen eye on the potential risks associated with AI and machine learning, the panelists underscored the importance of financial literacy and ongoing consumer education initiatives. As the dialogue unfolds, technological advancements in insurance distribution emerge as a central theme, highlighting the transformative potential of AI-driven solutions. The panelists emphasized the need for collaboration among regulators, industry stakeholders, and consumers to navigate this evolving terrain effectively. Tune in as we explore the nuanced dynamics of insurance regulation and technology, offering insights into how industry players can adapt and thrive in an ever-changing landscape. Learn more about RetiretechTM at Watch the full panel: Insuring Tomorrow: Navigating the Regulatory Environment of the AI and Tech Revolution,