In this video, Dave Ingram FSA MAAA, a SOA board member and podcast host, discusses the ten AI risks that insurers face and the specific mitigations that can be used for each of them. He also explains the importance of having an AI Use Policy that covers various aspects of data governance, ethical guidelines, transparency, fairness, human oversight, and compliance. He concludes by noting that AI will evolve and insurers will need to monitor and remediate their AI applications accordingly.
Contributors: Dave Ingram FSA, MAAA; Chis Lombardi, FSA, MAAA; Jon Forster, ASA, MAAA