"Different scientific disciplines have varying goals beyond prediction, including control, explanation, and reasoning about phenomena."
Christoph Molnar, co-author of Supervised Machine Learning for Science: How to Stop Worrying and Love your Black Box.
April 2025 | What's new this month
Life without AI governance: A wake-up call for customer-obsessed organizations
Need help managing AI in your organization? Companies that build solid AI governance and promote AI understanding across teams are better positioned to harness AI's benefits while reducing potential risks. A thoughtful approach to governance helps you implement AI responsibly, in line with your organization's goals and values.
Artificial intelligence (AI) is rapidly shaping critical decision-making systems across industries, yet concerns about algorithmic bias persist.Ranjeet Sharma, an expert in AI fairness, explores the latest advancements in mitigating bias within statistical models. His work highlights the integration of technical innovations with ethical frameworks, paving the way for more equitable AI applications.
Imagine filing an insurance claim only to have it denied by an algorithm that you don't understand. Or discovering that an AI-powered underwriting system deemed you a high-risk individual for reasons no one can quite explain. As the insurance industry continues to integrate artificial intelligence into their operations, these will no longer be hypothetical scenarios in the absence of proper AI governance. Undoubtedly, AI is transforming the world of insurance. But without proper oversight, it can also introduce bias, privacy risks, and regulatory pitfalls.
The US relies on existing federal laws and guidelines to regulate AI but aims to introduce AI legislation and a federal regulation authority. Until then, developers and deployers of AI systems will operate in an increasing patchwork of state and local laws, underscoring challenges to ensure compliance.
Insurers face increased regulation for life business, climate and AI Global insurers face rising regulatory costs linked to structural shifts in the life sector, climate change and AI as industry supervisors intensify their response to mounting risks, according to Fitch Ratings.
As artificial intelligence reshapes industries, its impact on underwriting and risk assessment in professional and executive liability insurance is becoming impossible to ignore. A study by Capgemini found that 62% of executives believe AI is improving underwriting quality and reducing fraud. But despite these benefits, only 43% of underwriters trust AI-generated decisions.
UN tech envoy Amandeep Singh Gill calls for inclusive, unified global AI governance framework At the Carnegie Global Tech Summit, UN Secretary-General's Envoy on Technology, Amandeep Singh Gill, underscored the urgent need for a globally coordinated approach to artificial intelligence governance. A former Indian Foreign Service officer, Gill addressed the widening digital divide and called the newly adopted Global Digital Compact a "landmark agreement" that offers the first truly international commitment to digital cooperation.
