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

Chair:
Melissa Collett, Professional Standards Director, CII.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
• 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

Please let us know what we can do to make our events fully accessible to you.

Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.