Baker Tilly | 1 CPE | Artificial intelligence in the insurance industry: How to balance innovation with regulatory and ethical considerations
Artificial intelligence (AI) and machine learning (ML) are quickly becoming the hottest topics in the insurance industry as more and more organizations are searching for the best ways to implement them into their day-to-day operations. According to the recent NAIC AI/ML survey results presented at the fall 2023 national meeting, of the 161 life insurance companies that responded, 58% use, plan to use or plan to explore the use of AI. In similar surveys conducted earlier in 2023, 88% of auto insurers and 70% of home insurers had the same answer.
If your insurance organization is currently using, or interested in exploring the use of AI, join our insurance specialists for a webinar featuring key pieces of information that you should know as you move forward. From a regulatory standpoint, we will be discussing the current environment regarding AI within the insurance industry, including the latest updates from the NAIC. From a data governance and cybersecurity standpoint, we will cover the many different policies you need to have in place for governing the use of AI and ensuring that your client data remains safe and secure. From a digital standpoint, our specialists will inform you on the many tools and models that are available and how to prepare for the implementation of AI technologies.