various companies’ philosophies. Even with no ac- cess to data, we will find other ways to determine who is a better risk via analytics. Generative Artificial Intelligence (AI) will create subsets of deep learning models, but they will need to be explainable. Right To Be Forgotten: Is Europe’s Wave Coming This Way? Kara Baysinger, Partner, Co-Chair, Insurance Regulatory and Enforcement Practice, Willkie Farr & Gallagher LLP Cillian Tierney, Global Head of Medical Underwrit- ing Propositions & Products, Partner Re Momentum is building across Europe as more and more countries are adopting regulations that support non-disclosure of prior cancer for life insurance ap- plicants, known as the “Right to be Forgotten.” The European Commission’s publishing of “Europe’s
Beating Cancer Plan,” in February 2021, includes wider considerations of improving the quality of life of cancer survivors, in particular regarding access to financial products. Their intentions are very clear: to avoid potential discrimination. Generally speaking, US regulators seem to feel that in - surers do a reasonably good job at treating consumers fairly, and recognize that underwriting is evidence- based and that life insurance is a competitive field. The US has a free market philosophy; insurers are good at assessing risk and, if prices are too high, they will not be competitive. Regulators also recognize that cancer-related information is “critical information” and therefore necessary for insurers in their risk assessment. Information used in risk assessment is considered fundamental and critical. An insurance company as a business has “information needs” to conduct a transaction, and this is held supreme.
2024-2025 AHOU EXECUTIVE COUNCIL AT THE 2024 AHOU CONFERENCE IN BOSTON, MA
Front row (left to right): Catie Muccigrosso, VP of External Relations; Tracie Davis, VP of Marketing & Membership; Kimberly Waterfield, Executive Vice President; Jona - than Meindel, President; Mark Lounds, Past President; Fazilya Abdulkafarova, AVP of Technology Development. Back row (left to right): Nichole Myers, VP of Technology Development; Kris Chaney, VP of Education; Laura Wheeler, AVP of Program Devel - opment; Michelle Privett, VP of Communication & Visibility; Karen Phelan, VP of Program Development; Shawn James, AVP of Education; Robin Holicky, VP of Confer - ence; Sean Flanagan, VP Treasurer.
ON THE RISK vol.40 n.3 (2024)
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