Why Embracing Ethical AI is Critical for Insurers

Author: Abhishek Lall; Publisher: Verisk; Publication Year: 2021. The following article identifies 3 ways that AI can go wrong in the insurance industry: biased and hidden data, incomplete data, and gaps in subject matter expertise. To ensure an ethical approach to AI, the author recommends building a proper framework, quality assurance process, analytics governance, and…

Reducing Bias in AI-Based Financial Services

Author: Aaron Klein; Publisher: The Brookings Institution; Publication Year: 2020. The following paper goes in depth regarding why establishing and maintaining proper data governance programs and ethical data frameworks are so important to financial institutions. As AI technologies have grown to more prominence, so have issues that have arisen with them. There have already been…

5 Ethical Principles for Digitizing Humanitarian Aid

Author: Aarathi Krishnan; Publisher: TED Talks; Publication Year: 2021. The following speech discusses how humanitarians have embraced digitalization. The use of AI, big data, drones, and more may seem logical and needed, but it is actually the deployment of unrest technologies on vulnerable populations without consent. Humanitarian technology innovations are inherently…

5 Things Lawyers Need to Know About AI

Author: Aaina Agarwal, Patrick Hall, Sara Jordan, Brenda Leong; Publisher: Future of Privacy Forum; Publication Year: 2021. The following article focuses on looking at the ethics of AI use from a lawyer’s perspective, providing some of the potential legal issues that could arise with AI misuse. The article brings up 5 different aspects of AI to be aware of. Firstly, machine learning systems are probabilistic. No machine learning model can make…

Philosophy Bites: Peter Railton on AI and Ethics

Author: Peter Railton; Publisher: Philosophy Bites on Podcast Addict; Publication Year: 2022. The following podcast episode talks about the nature of AI from a philosophical lens and asks what kind of moral responsibility should we give to AI. The episode reckons with the question of whether these entities actually have a moral responsibility. The philosopher, Peter Railton, talks about the many issues and…

AI in Banking: Survey Reveals Factors for Success | SAS

Author: N/A; Publisher: SAS Insights; Publication Year: N/A. The following post is about where AI is being implemented in banking, what it is being used for, and who is in charge of keeping an eye on the results. The post utilizes bar charts to illustrate the information. The post talks about how banks are currently in the experimental phases of AI implementation and how policies and…