About this Event
Join us virtually on Wednesday, June 14, 2023 at 3:00 p.m. for a conversation about AI for insurance leaders.
With climate change, the insurance industry is facing a rapidly growing dilemma. Stronger, more frequent, and more unpredictable natural disasters are driving insurers out of high-risk markets, expanding the geographies at risk, and leaving many overexposed. In such an environment, the ability to anticipate the effects of climate change will be a crucial driver of success. That’s why savvy insurance leaders are turning to data science and artificial intelligence, which, thanks to both the abundance of climate and actuarial data available and the models’ sophistication, are starting to enable companies to model new environmental risks with unprecedented fidelity.
AI also promises a huge opportunity to improve insurers’ underwriting and pricing capabilities more broadly across many risks. However, these models and algorithms are often unexplainable “black boxes,” which can make it difficult for companies to fully trust their outputs and for regulators to prove they are not inappropriately biased.
This webinar will give insurance leaders an overview of how AI is changing the insurance industry with a drill down on two topics:
1. The use of AI in climate modeling
2. New approaches for enhancing transparency, explainability, and fairness in AI-driven underwriting and pricing models, including a framework for responsible AI perfected by experts at the Institute for Experiential AI (EAI) at Northeastern University.
In an increasingly volatile and uncertain insurance market, the combination of industry and academic expertise offered by EAI is the key to unlocking artificial intelligence that is both effective and responsible.
Click here for more information and to register for this free event.
Register here to join at 3pm on Wednesday, June 14, 2023.