As artificial intelligence (AI) continues to revolutionize industries worldwide, property and casualty (P&C) insurers are stepping up to play a vital role in shaping ethical AI.
Tag: Ethical AI
2024 Survey Reveals Crucial Ethical AI Adoption Challenges in Insurance Industry
In a groundbreaking exploration of AI in insurance, the 2024 Ethical AI in Insurance Consortium Survey has uncovered a critical juncture for insurers: while 80% of companies are either already using AI for business decisions or plan to do so within the year, they encounter substantial challenges pertaining to cost, data quality, and bias.