AI news ·
ZestyAI says property-risk models passed 500 regulatory approvals
ZestyAI’s property-risk models have passed 500 regulatory approvals, but insurers must still monitor for bias, mitigation, model drift, and customer impact.
ZestyAI announced that its property-risk models have now received more than 500 regulatory approvals. The approvals span hundreds of carrier filings and cover models designed to assess wildfire, storm, hail, fire, and water risk.
Even after a model secures regulatory approval, insurers face ongoing obligations. Carriers should continue to monitor for geographic bias in model outputs, track evidence of property-level mitigation, watch for model drift over time, and evaluate the customer appeal path associated with the model's use.
Source: https://dailyaibrief.com