Tag: Insurance
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AI Can Vanquish Bias: Algorithms We Can’t Understand Can Make Insurance Fairer
Author: Daniel Schreiber; Publisher: Lemonade; Publication Year: N/A. The following article discusses how the availability of big data and improvement in computing power now allows insurance companies to price more fairly in terms of premium…
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Why Embracing Ethical AI is Critical for Insurers
Analytics Governance, Artificial Intelligence, Bias, Documentation, Ethical Approach, Frameworks, Insurance, Quality Assurance, Subject Matter ExpertiseAuthor: 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.…