Connecticut Updates its Expectations Regarding Use of Big Data and Avoidance of Discriminatory Practices
Connecticut Updates its Expectations Regarding Use of Big Data and Avoidance of Discriminatory Practices
Connecticut Updates its Expectations Regarding Use of Big Data and Avoidance of Discriminatory Practices
On April 20, 2022, the Connecticut Insurance Department (CID) issued a notice to all licensed entities and persons to update and amend its prior notice, issued on April 14, 2021, regarding the use of big data technology and the avoidance of discriminatory practices.
The CID continues to expect the usage of big data to be in full compliance with federal and state anti-discrimination laws and provides a reminder for the required data certification, which is due no later than September 1, 2022 and annually thereafter. The data certification can be accessed here.
Further, the CID acknowledges the transitory nature of three aspects of the usage of big data, including: (1) what may constitute as use of big data and insurers’ relevant accountability for the same; (2) the definition of the big data ecosystem; and (3) the CID’s regulatory role. The notice provides greater detail for each of these aspects and highlights regulatory concerns for the following general topics: (1) internal data deployment; (2) internal data governance; and (3) risk management and compliance. It also includes an appendix with examples of the types of information that may be requested during the course of an examination.
Any questions regarding the CID Notice may be directed to: cid.financial@ct.gov.