Description
Artificial intelligence (AI) seems to be all the rage lately. In fact, the insurance industry has deployed relatively simple AI algorithms in so-called "InsurTech" applications for many years in order to improve carrier efficiencies and reduce costs. But as personal and business AI applications proliferate across society and as AI sophistication increases, the risks of unintended policyholder and carrier consequences grows - sometimes exponentially.
During this 90-minute video presentation, our nationally recognized insurance experts outline AI business risks, coverage resources, and the ways insurance companies are preparing for a business landscape that increasingly relies on AI. Insurance underwriting and other AI risk management considerations will be explored, as well as potential coverage conflicts that could arise under currently available policies when AI causes a loss. Agenda topics include:
AI, machine learning (ML), and robotic applications in today’s world
Generative AI: What is it, should its risks be managed differently, and how it is being used today and tomorrow
Applications and liability exposure: Seeing the blind spots for you and your client
Risk management best practices
Policy solutions and underwriting considerations
Litigation landscape: Potential coverage issues arising from AI and ML
Bias and discrimination claims
Privacy or data breaches
Old-fashioned bodily injury or property damage
AI applications in "InsurTech": Maximizing the benefits and minimizing the pitfalls