AI Governance for P&C Insurers: The Delicate Balance Between Innovation & Responsibility

Overview

Generative AI adoption in P&C is inevitable.

Adoption is already underway, and the benefits are so significant that avoiding the risk is not an option. Instead, adoption of Generative AI in P&C must be accompanied by a robust but flexible approach to AI governance.

It’s about striking a delicate balance between innovation and responsibility, leveraging AI’s potential while safeguarding against its pitfalls.

  • Setting clear policies for AI development and use
  • Establishing oversight mechanisms
  • Ensuring ethical AI practices
  • Managing AI-related risks
  • Maintaining regulatory compliance

Read this white paper for guidance and best practices.