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

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.

Insiders

Sign Up for our Newsletter

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

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

Mastering healthcare data governance with data lineage

IBM Big Data Hub

The healthcare industry faces arguably the highest stakes when it comes to data governance. The impact of healthcare data usage on people’s lives lies at the heart of why data governance in healthcare is so crucial.In healthcare, managing the accuracy, quality and integrity of data is the focus of data governance.

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.

article thumbnail

How data stores and governance impact your AI initiatives

IBM Big Data Hub

Depending on where an organization conducts business, it will need to comply with any number of government regulations regarding where data is stored and how an AI model uses data to perform its tasks. Current regulations are always changing, and new ones are being introduced all the time.