Ethics and AI
In this IIL Cyber, Technology & Innovation lecture Simon Konsta discussed the impact of artificial intelligence (AI) and ways the insurance industry can navigate the moral and ethical maze it creates. In particular, the focus was on how the insurance industry needs to get on the front foot and develop an ethical framework that will help to guide and support the future use of AI in the industry.
AI use raises a host of ethical challenges and issues for the insurance sector that need to be addressed. How can insurers make sure they're able to seize rather than stifle AI's potential? An ethical framework is essential to navigate the challenges ahead. AI is developing and being deployed at a rapid rate. It offers capabilities (such as image and voice recognition, predictive analysis, fraud detection) that were previously the exclusive domain of humans; and the capability to open up rapid and widespread automation of many functions, offering both advantages and danger. To prevent endless legal disputes a new ethical framework is required to help set a robust legal framework in place.
How can they proceed? One way forward is to bring together experts from the fields of technology, law, medicine, risk management, social policy, economics and ethics to enable the industry to review and rebuild its ethical foundations.
By the end of this lecture members would have gained an insight into:
- The ethical issues created by AI
- The issues facing the insurance industry linked to AI
- Why there is a need for ethical framework to help the insurance industry to navigate the challenges ahead
Melissa Collett, Professional Standards Director, CII.
Registration & Security
IIL lectures are open to CII and PFS members
CII and PFS members must register online by 12pm one working day before the lecture
For lectures held in The Old Library, Lloyd's pass holders may also attend and do not need to register
All attendees (at any venue) must produce photo ID - either a Lloyd's pass, driving licence with photo or valid passport
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- Attendance confirmations are non-transferable to any other person or lecture
- All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission
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Please contact Patricia Pedraza (020 7397 3911) with any queries regarding the CPD events programme.
This demonstrates the quality of an event and that it meets CII member CPD scheme requirements.
3/4 hours' CPD can be claimed for this event if relevant to your learning and development needs.
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