A healthcare worker communicates with a fellow doctor via Laluchy Robotina, a robot designed to aid in the mental health of patients infected with the new coronavirus, in the COVID-19 ward at 20 de November National Medical Center in Mexico City, Friday, Sept. 25, 2020. Photo by Marco Ugarte/AP.
A healthcare worker communicates with a fellow doctor via Laluchy Robotina, a robot designed to aid in the mental health of patients infected with the new coronavirus, in the COVID-19 ward at 20 de November National Medical Center in Mexico City, Friday, Sept. 25, 2020. Photo by Marco Ugarte/AP.

Artificial intelligence is being used for almost everything these days, including insurance.

Companies are using AI to analyze the vast amounts of data they use for actuarial purposes. That can come with both good and bad outcomes.

The Maryland Insurance Administration (MIA) is trying to cut back on some of the downsides and protect consumers with new regulations on companies, asking them to establish oversight, risk management controls and offer certain amounts of transparency about their use of AI.

“The balance that we have to strike as regulators is understanding the risks that come and the risks that come that are unique to this technology,” said Kathleen Birrane, the MIA commissioner. “AI driven technologies, they present their own unique set of risks.

Read more (and listen) at WYPR.