Insurers must manage governance and bias to comply with AI regulation, experts say

Dossier – AI in practice Artificial Intelligence (AI) is considered revolutionary. The technology is intended to enable companies such as insurers to work more efficiently, faster and more precisely. AI has already been successfully integrated in some industries, and insurers are already using the programs in many areas. However, insurers are much more reluctant than companies from other industries. This may also be because the technology is not…

Insurers must manage governance and bias to comply with AI regulation, experts say

U.S. and global insurance regulators have been paying more attention to AI operations. Insurers are advised to watch how they use AI for pricing and guard against bias.