Posts in Tag

Life insurance

The Colorado Division of Insurance (CDI) has adopted a new regulation to prevent life insurers that rely on models and ECDIS from engaging in race-based discrimination. Life insurance regulators have been grappling for several years with the potential risks and benefits of insurers using AI and the significant external data sources utilized by AI in underwriting. The technology used raises regulatory questions, including concerns that its use could cause unfair discrimination. Several insurance regulators have also expressed concern that external data sources used by AI and other algorithms could contribute

Sam Ayeni is the entrepreneur behind afriKare Life, a Black-owned company providing life insurance and financial solutions to the African diaspora and POC across America.  Africare Life, whichSam Ayeni co-founded alongside his partners Maureen Marcus and Andrew Fyneboy, has quickly grown to become an innovative and modern life insurance platform that helps uplift individuals, families, and different tribes in the “land of opportunity.”  Black Americans are buying more life insurance Black people are buying life insurance packages at higher rates than other racial groups. The 2021 LIMRA Barometer study found