Artificial intelligence (AI) and machine learning (ML) are continuing to transform the insurance industry. Many companies are already using it to assess underwriting risk, determine pricing, and evaluate claims. But if the proper guardrails and governance are not put into place early, insurers could face legal, regulatory, reputational, operational, and strategic consequences down the road. […]
What Facebook and Big Tobacco Got Wrong (but AI Governance Can Still Get Right)
Click to learn more about author Anthony Habayeb. Facebook whistleblower Frances Haugen’s testimony to Congress about abusive algorithms and AI referenced Big Tobacco’s enormous influence and fall in the latter half of the 20th century. What’s challenging about the comparison, however, is that smoking is unequivocally bad for you. AI governance offers great promise to enhance our […]