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In this article for Insurance Post, Corporate Affairs Lawyer Ann Dingemans and Partner and president of the London Forum of Insurance Lawyers, Fleur Rochester, examine how insurers can harness the power of artificial intelligence in the right way. The article considers how:
- Digitisation has transformed the insurance industry following significant global events, including the COVID-19 pandemic and the Russia-Ukraine war;
- The integration of AI into the insurance industry has given rise to a number of risks, including data privacy, bias and discrimination;
- The growing use of deepfake technology has led to a significant increase in fraudulent claims.
The article also examines the UK’s approach to AI regulation.
Read other items in Commercial Brief - July 2024
Read other items in Professions and Financial Lines Brief - July 2024
