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December 15, 2023

Life Annuity Specialist Highlights Faegre Drinker AI-X Team’s Risk Management Services for Insurers

In the article “New Services Try to Bulletproof Insurers’ AI Systems as Regulators Circle,” Life Annuity Specialist reports on the evolving AI regulations insurers are facing and highlights that the firm’s artificial intelligence and algorithmic decision-making (AI-X) team has recently launched an algorithmic testing and AI governance and risk management service for insurers.

The article notes that the initiative fuses the firm’s deep bench of attorneys with the technology capabilities of Tritura. The publication spoke to AI-X team co-leader and insurance partner Scott Kosnoff about how the firm has been helping insurance clients design and build bespoke AI governance programs and test their AI models for potential unfair discrimination.

Kosnoff shared how the testing service is “not automated plug and chug,” but is customized to suit the customer.

The full article is available for Life Annuity Specialist subscribers.

Full Article

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