Beschreibung:
The use of artificial intelligence (AI) in insurance can potentially bring economic and societal benefits by lowering insurance costs and helping insure more people. For this report, The Geneva Association analysed two of the five core principles identified for the responsible use of AI - 1) transparency and explainability and 2) fairness - that raise particularly complex issues in insurance. With this analysis and a set of recommendations for insurers, we aim to contribute to the responsible use of AI in insurance and the realisation of its benefits for society.