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Ethical AI in Insurance

Published by Microsoft

The document advocates for establishing ethical standards for AI usage in the insurance industry, emphasizing the risks of bias, discrimination, and unfair decision-making. It outlines the importance of transparency, fairness, and accountability in AI-driven processes, proposing a code of conduct for data scientists responsible for developing and maintaining AI systems. The paper also discusses how the insurance industry, with its heavy reliance on data and analytics, is well-positioned to lead the effort in driving responsible AI practices that ensure equitable outcomes while mitigating the risks of inappropriate data use​.

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Related Categories Artificial Intelligence, Cognitive Computing, AI Ethics, Machine Learning Models, AI in Business, AI Platforms, AI Integration, AI Strategy, AI Development Tools, AI Deployment, AI Governance, AI Applications

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