Oversee third-party models and data

Insurance AI and underwriting governance policy, §3.3

Obtain enough information to evaluate vendor data, methods and performance. Establish oversight, change notification and audit rights appropriate to the risk; escalate unavailable evidence before reliance.

Event-driven

Before contracting and at material provider changes

Obtain enough information to evaluate vendor data, methods and performance. Establish oversight, change notification and audit rights appropriate to the risk; escalate unavailable evidence before reliance.

• Vendor assessment and oversight agreement

  Controlled record with date, owner, source and review history

Third-party model owner

Leela can prepare a draft and evidence checklist for the accountable reviewer. Adoption and legal conclusions require human review.

Tell Leela about your company to see whether this applies.