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Is Artificial Intelligence relevant to insurance?

IBM Big Data Hub

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. The fascination of artificial intelligence History has shown that the human preoccupation with creating a machine which replicates human thinking had in fact been simmering for centuries.

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NYDFS issues significant guidance on insurers using AI or external data

Data Protection Report

On January 17, 2024 the New York Department of Financial Services (“NYDFS”) published a Proposed Insurance Circular Letter (“Proposed Circular”) regarding the use of artificial intelligence systems (“AIS”) and external consumer data and information sources (“ECDIS”) in insurance underwriting and pricing.

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The risks and limitations of AI in insurance

IBM Big Data Hub

Artificial intelligence (AI) is polarizing. In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. It excites the futurist and engenders trepidation in the conservative.

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Biden’s AI Order and the Implications for Employers

Hunton Privacy

As reported on Hunton’s Employment & Labor Perspectives blog, on October 30, 2023, President Biden issued a wide-ranging Executive Order to address the development of artificial intelligence (“AI”) in the United States.

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ABBYY Launches Global Initiative Promoting the Development of Trustworthy Artificial Intelligence

Info Source

June 9, 2020 – ABBYY< [link] >, a Digital Intelligence company, today launched a global initiative to promote the development of trustworthy artificial intelligence (AI) technology. MILPITAS, Calif., In fact, by 2025, Gartner< [link] > estimates 30 percent of large enterprise and.

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ABBYY Launches Global Initiative Promoting the Development of Trustworthy Artificial Intelligence

Info Source

June 9, 2020 – ABBYY< [link] >, a Digital Intelligence company, today launched a global initiative to promote the development of trustworthy artificial intelligence (AI) technology. MILPITAS, Calif., In fact, by 2025, Gartner< [link] > estimates 30 percent of large enterprise and.

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ICYMI –December in privacy and cybersecurity

Data Protection Report

5. Headlines in 2023 also had many references to artificial intelligence. The Federal Trade Commission (FTC) also addressed artificial intelligence and machine learning. See SEC, Cybersecurity Risk Management, Strategy, Governance, and Incident Disclosure, 88 Fed. b (within 2 hours).

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