On April 24, Mayer Brown will be hosting a symposium on the special legal, contractual and regulatory issues that arise in connection with the use of artificial intelligence in financial services.
The symposium will cover a broad range of topics related to the use of AI in financial services, including:
How financial institutions are using AI today—and what the future holds;
Ownership and control of AI-related intellectual property, including AI system output;
Identifying and managing the risk of discrimination by AI systems;
Issues unique to AI to consider when negotiating licensing agreements, joint development agreements and other types of AI-related contracts;
Regulatory issues related to the use of AI, including how to engage with regulators on AI-related matters;
Special cybersecurity and data privacy issues that AI applications present;
AI-related antitrust considerations; and
Acquiring, investing in or financing AI-focused companies.
Visit the Mayer Brown website to register.
The annual Fall Conference for the National Association of Insurance Commissioners (NAIC) will be held in San Francisco this year. While regulatory issues will be discussed, there are also several task forces designated to explore the current status of technology and innovative instruments in the insurance industry.
For example, the Innovation and Technology Task Force plans on reviewing the updates on Cybersecurity Initiatives and Implementation of the Insurance Data Security Model Law (#668), specifically South Carolina's implementation of the model.
Big Data is at the forefront of insurtech discussions, evident from the Task Force setting aside time for its own working group. On the agenda is to discuss data accuracy and company validation methods in accelerated/non-traditional underwriting.
Read more about the event here.