Remove Artificial Intelligence Remove Government Remove Insurance
article thumbnail

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.

article thumbnail

EIOPA Publishes Consultation on Opinion on AI Governance and Risk Management

Data Matters

On February 12, 2025, the European Insurance and Occupational Pensions Authority ( EIOPA ) published a consultation on its draft opinion on artificial intelligence ( AI ) governance and risk management (the Opinion ).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Security Affairs newsletter Round 488 by Pierluigi Paganini – INTERNATIONAL EDITION

Security Affairs

Managing Cybersecurity in the Age of Artificial Intelligence Clearview AI Faces €30.5M Head Mare hacktivist group targets Russia and Belarus Zyxel fixed critical OS command injection flaw in multiple routers VMware fixed a code execution flaw in Fusion hypervisor U.S.

Security 304
article thumbnail

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.

article thumbnail

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.

article thumbnail

Preparing for the EU AI Act: Getting governance right

IBM Big Data Hub

The European Artificial Intelligence Act, while not yet law, is driving new levels of human oversight and regulatory compliance for artificial intelligence (AI) within the European Union. Similar to GDPR for privacy, the EU AI Act has potential to set the tone for upcoming AI regulations worldwide.

article thumbnail

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.