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The report highlights the transformative potential of artificial intelligence (AI) in the property and casualty (P&C) insurance sector. P&C insurers are positioned to lead discussions on ethical AI, influencing regulatory practices across industries. The collaboration between the Insurance Information Institute (Triple-I) and SAS aims to establish best practices for AI implementation.
A webinar will further explore how insurers can navigate the evolving AI landscape while ensuring ethical standards. Key insights include the necessity for insurers to work with regulators to build trust and the importance of data literacy in managing AI risks. The report emphasizes that insurers can leverage their expertise to guide the responsible use of AI technologies.
• P&C insurers can influence ethical AI development across industries.
• 60% of insurers have started using generative AI technologies.
The report indicates that a significant number of insurers are planning to invest in generative AI in the upcoming fiscal year.
The report emphasizes the need for insurers to implement ethical AI frameworks to guide their practices.
The report highlights the importance of cultivating data literacy among executives to effectively manage AI risks.
S. The organization aims to empower consumers with objective, fact-based information about insurance.
The company plays a crucial role in helping organizations transform data into trusted decisions, particularly in the insurance sector.
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