Our mission is to drive positive change in the insurance industry by advocating for the ethical use of AI. We aim to create a trusted ecosystem where insurers and policyholders can benefit from the potential of AI while upholding principles of fairness, transparency, privacy, and societal impact.
What We Do
Collaboration and Knowledge Sharing: We facilitate collaboration and knowledge sharing among our diverse community of members. By bringing together insurance companies, AI developers, academics, regulators, and consumer advocacy groups, we create a dynamic environment where innovative ideas and best practices thrive.
Ethical Guidelines Development: We develop and promote ethical guidelines specific to the insurance industry. These guidelines address the unique challenges and opportunities that AI presents in underwriting, claims processing, pricing, and other insurance-related functions. Our goal is to ensure that AI is used responsibly, with fairness and respect for policyholders.
Transparency and Accountability: We advocate for transparency and accountability in AI systems used by insurers. By emphasizing clear documentation, explainability, and accountability mechanisms, we aim to enhance trust and enable stakeholders to understand and challenge the decisions made by AI models.
Bias Mitigation and Fairness: We strive to eliminate biases in AI algorithms used in insurance. Our focus is on achieving fair and equitable outcomes throughout the insurance process, from underwriting to claims settlement. We are committed to developing guidelines and metrics to measure and address biases and discrimination.
Privacy and Data Protection: We promote responsible data governance practices to safeguard policyholder privacy and comply with relevant data protection regulations. Our aim is to ensure that personal information used in AI applications is handled with the utmost care and respect for individuals' privacy rights.
We invite insurance companies, AI developers, regulators, academics, and consumer advocacy groups to join our consortium and contribute to the responsible and ethical use of AI in insurance. Together, we can shape the future of the industry, fostering innovation while safeguarding the interests of policyholders and society.
Contact Ethical AI in Insurance Consortium
Get in touch with us to find out more about our work and how we can help you.