The March 12th Webinar is Sponsored by Fenris Digital. The EAIC will publish its AI Code of Ethics following the webinar and survey report release.
AUSTIN, Texas, Jan. 31, 2024 /PRNewswire-PRWeb/ -- The Ethical AI in Insurance Consortium (EAIC), a 17-member organization of insurers, insurtechs, industry influencers, and legal experts committed to advancing the ethical use of AI in insurance, is excited to announce a webinar on March 12th at 11 a.m. ET revealing the findings from its 2024 Ethical AI in Insurance Survey. The study is aimed at addressing the crucial intersection of artificial intelligence, ethics, and the insurance industry. In addition to covering the current state of perspectives towards ethics in the industry, the webinar will share survey data about the planned usage of AI from mid to large insurers in the next 12 months.
The 2024 Ethical AI in Insurance Survey exceeds traditional assessments of AI adoption in insurance. It provides a distinctive perspective on the actual business decisions impacting the insured while offering an in-depth exploration of ethical AI viewpoints within the industry both presently and in the future. The report encompasses a diverse range of insurers, offering a comprehensive overview of attitudes towards bias and AI across various segments of the U.S. insurance industry.
A sample of the quality of report insights includes the finding that of the 14% of insurers that are already implementing AI in business-line decisions, 97% have encountered challenges related to bias in AI.
The webinar is sponsored by Fenris Digital whose Founder and CEO Jennifer Linton will serve as the moderator for the event.
"The EAIC is a fast-growing collective of innovators exploring the emerging possibilities with AI technology and its impact to the insurance industry," said Jennifer Linton, CEO of Fenris Digital. "Fenris is proud to sponsor this valuable event highlighting current and future trends and the ethical use of AI."
Douglas Benalan, Chief Information Officer of CURE Auto Insurance is one of the webinar speakers, and he had this to say about the report, "By pinpointing differing perspectives on AI and ethics, the report will challenge insurers to reevaluate their stances on how they approach AI including governance structures. It also explores the roles that external government and industry bodies should play in regulating AI to ensure ethical practices and support for insurers."
Other panel members include Robert Clark – Founder and CEO of Cloverleaf Analytics, Paige D. Waters – Partner at Locke Lord, and Abby Hosseini – Chief Digital Officer of Exavalu.
To register for the webinar and receive exclusive access to the 2024 Ethical AI in Insurance Survey report, visit https://ethicalinsuranceai.org/2024-eaic-report/.
Release of the EAIC Code of Ethics:
Coinciding with the webinar will be the launch of the EAIC Code of Ethics. The Code will aim to provide practical guidelines for how to cultivate and safeguard ethical AI practices that protect the interests of the insured and insurers.
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About the Ethical AI in Insurance Consortium (EAIC)
Established with the mission of resolving existing issues related to bias and AI within the insurance sector, the EAIC serves as a driving force for positive change in the industry. The consortium addresses current challenges faced by insurers, insurtechs, and all stakeholders involved, while also proactively identifying and providing solutions for future concerns that may impact the integrity of the insurance business. For more information, visit www.ethicalinsuranceai.org.
About Fenris
Fenris' API is the insurance industry's source for real time information to quote and bind easily. With a mission to streamline and optimize pre-underwriting process, Fenris productizes machine learning and predictive insights, leverages its comprehensive, proprietary data sets, and injects insight to support millions of auto, home, and commercial insurance applications each year. For more information, visit www.FenrisD.com.
Media Contact
Michael Schwabrow, Ethical AI in Insurance Consortium, 1 (512) 361-7173 2121, [email protected], www.ethicalinsuranceai.org
SOURCE Ethical AI in Insurance Consortium
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