Insurance to Mitigate the Risk of AI Systems Coming into View - AI Trends

Companies are interested in buying insurance to mitigate the risk of adoption and deployment of new AI applications with no history of use. "When it comes to the commercial use of AI, businesses can't rely on government regulation to protect them against potential losses in the event it fails to live up to its promise," stated Saar Yoskovitch, CEO and cofounder of Augury, in a recent account in Open Access Government. As deployed AI systems mature, they will increasingly make high risk decisions. "But AI models are often brittle, do not deal well with edge cases and may have been trained on a dataset with inherent biases," stated Yoskovitch. This is especially prevalent with AI systems that use human behavior as an input, such as auto insurance applications that capture an individual customer's driving behavior.