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The Ethical AI in Insurance Consortium is a collaborative platform dedicated to promoting responsible and ethical adoption of artificial intelligence (AI) in the insurance industry. We bring together insurers, insurtechs, influencers, and other stakeholders to establish industry-wide standards, foster transparency, and ensure fair and accountable use of AI technologies.

Our Mission

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.

Scott

Founding Members

Cloverleaf Analytics

Cloverleaf Analytics is the leader in Insurance Intelligence solutions, having evolved from Business Intelligence (BI) into providing advanced tools using ML and other emerging technologies to empower carriers to achieve unparalleled growth. 

Exavalu

Exavalu is a Specialized Digital Transformation Advisor & Digital Solutions Partner for the Insurance Industry. Founded by former Industry CIOs and Consulting Executives with background in complex transformation and change initiatives within the insurance industry, Exavalu brings the best in Strategic Advisory and Digital Solutions delivery on industry-leading technology platforms. 

Socotra

Socotra provides a modern core platform for Integration solutions for insurance, bringing unparalleled speed, agility, and efficiency to carriers, insurers, and MGAs. 

Locke Lord is a premier full-service Am Law 100 law firm that has earned a solid reputation for complex litigation, regulatory and transactional work on behalf of clients in important and growing industry sectors around the world. Locke Lord's nearly 100 years of experience in the insurance and reinsurance industries has consistently placed the Firm as a leader with the breadth, depth and sophistication required to advance clients' business goals.

Celina Insurance Group is comprised of four mutual property and casualty insurance companies. The companies provide protection for autos, homes, businesses, and farms through more than 500 independent agencies in five states. Founded in 1914 with headquarters in Celina, Ohio, the organization is committed to supporting its policyholders and communities.

Ranked as one of the top 150 Business Transformation Executives by Constellation Research in 2023. An American Business Award Winner (Bronze) for Technology Executive of the Year in 2023. Douglas Benalan is a visionary senior leader who leverages technology to drive business solutions and digital transformation. As a technology leader who is recognized as a collaborator, aligns IT initiatives with the enterprise vision and goals. He is passionate about mitigating bias in AI within the insurance industry.

Five Sigma's intuitive cloud-native claims management solution makes claims processing smarter and simpler with automated claims management software

Elizabeth Foughty (Elizabeth Foughty LLC) is a strategy consultant working at the intersection of AI, insurance, and climate. She has worked in and around AI since 2007 when she supported data mining researchers at NASA. She subsequently went on to work at RMS (now Moody's RMS) and CAPE Analytics, as well as technology startups that leverage AI from autonomous vehicles and satellite development to building systems. 

Founded in 1937, the Georgia Farm Bureau Federation is the state’s largest general farm organization with 158-chapter offices that cover all of Georgia’s 159 counties. As a membership-driven, nongovernmental organization, GFB serves as the voice of Georgia farmers and rural Georgia by advocating for them on legislative issues and promoting Georgia commodities. 

reThought Flood is a technology-forward MGA that leverages artificial intelligence to develop location specific risk understanding for flood underwriting. This allows reThought to provide stable, tailored pricing for flood insurance to homeowners and businesses alike.

Co-operative Insurance Companies has been meeting property and casualty insurance needs since 1915, offering farm, home, auto, business, and other insurance to people in Vermont and New Hampshire. It is owned by its members and committed to protecting them with fast and fair claims service, loss prevention expertise, and local operations. The company has headquarters in Middlebury, Vermont, with regional claims offices and more than 100 agency locations across Vermont and New Hampshire.

Minneapolis-based Players Health is a sports technology platform providing digital risk management services, reporting tools, and insurance products to sports organizations to comply with the changing athletic environment and responsibilities. Working towards establishing the safest environment for athletes, Players Health views the health and safety of athletes as a priority in today's sports landscape. 

Founded in 1915, the Pennsylvania Compensation Rating Bureau (PCRB) is a nonprofit data collection organization serving as a trusted, essential, and objective resource that supports a healthy workers compensation system for Pennsylvania. PCRB provides data-driven products and services that anticipate and respond to marketplace conditions and identify emerging trends, including accurate and valuable statistical and actuarially-based information, marketplace knowledge, and rating plans. PCRB also conducts innovative research, provides educational services, and engages in outreach that delivers knowledge to empower actionable decisions.

Todd Barr is a seasoned Geospatial professional with over 20 years of experience in the field. Their current position is Director of Geospatial Product and Solutions at Verisk - Extreme Event Solutions (EES) - collaborating with Scientists and Risk Analysts to model the impact of natural and man-made events and determine their financial impact. 

Starting their career as a Geospatial Developer, they’ve been lucky enough to work in several verticals in the field of Geography. Todd has worked in Intelligence and Defense, Emergency Response, Public Health, Transportation, Precision Agriculture, and Oil and Gas. He created the national Common Operational Picture (COP) for the National Guard Bureau, worked in Hurricane Response for Katrina and Rita, and led the Long Island Breast Cancer Initiative Geospatial Hub, among other accomplishments. In 2018, Todd begin to teach at  Northeastern University’s Graduate Program for Geospatial AI and Deep Learning for Remote Sensing. Todd is an active mentor with URISA and Women+ in Geospatial.

With over 29 years in the technology sector, Kumar Maddali has demonstrated dynamic and forward-thinking leadership. His recent 11 years at Novo Insurance and Telenav, preceded by significant roles at Oracle, Iron Mountain, Stratify, Intergraph, and Tata Honeywell, highlight a distinguished career. Kumar's pivotal role at Telenav & Novo Insurance has been instrumental in elevating these firms to leading positions in the connected car and personal auto insurance industries.

His strategic expertise in digital transformation, and adeptness in developing purpose-driven, AI-enabled data products have been crucial in transitioning from traditional operational models to sophisticated, cloud-based, and edge-based solutions. Kumar is celebrated for his fervent drive towards technological and product innovation, evidenced by his filing of 20 patents (9 approved, 11 pending approval). His unwavering dedication to engineering excellence and commitment to cultivating high-performance teams mark the cornerstone of his impactful leadership.

MS Transverse Insurance Group is a hybrid fronting carrier subsidiary of MSIG North America and part of MS&AD Insurance Group Holdings, one of the 10 largest P&C insurance companies in the world. MS Transverse is dedicated to the global program market and partners with MGAs, program administrators, and general agents to offer a full suite of insurance services. We believe that by aligning the interests of all parties involved in our programs – distribution partners, MS Transverse, and the reinsurance community – we can deliver outsized results to a market in need of responsible actors with experience and expertise.

Ogon Consulting, a niche provider of Insurance Technology Services and Solutions, excels in addressing intricate challenges within the Property and Casualty (P&C) insurance sector. Leveraging profound industry expertise and cutting-edge technological solutions, we offer extensive assistance throughout the entire lifecycle of your P&C core system – from initial implementation to ongoing maintenance. Our specialized services and solutions centered around Guidewire InsuranceNow empower customers to outpace competitors, while our seasoned consulting team ensures project success and expedites execution.

Join Us

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.

Marvin

Contact Ethical AI in Insurance Consortium

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