Creating Standards, Building Trust, Shaping the Future of AI in Insurance
The Ethical AI in Insurance Consortium (EAIC) is a collaborative platform dedicated to promoting responsible and ethical adoption of artificial intelligence (AI) in the insurance industry. We bring together insurers, insurtechs, influencers, and other stakeholders to establish industry-wide standards, foster transparency, and ensure fair and accountable use of AI technologies. Currently we have 17 members, contact us to join the EAIC today.
About Us
Our Mission
Embark on a transformative journey at the forefront of innovation with the Ethical AI in Insurance Consortium. As a pioneering force, we are committed to fostering responsible and ethical adoption of artificial intelligence (AI) in the insurance industry. Our dynamic platform serves as a collaborative hub, bringing together insurers, insurtechs, influencers, and various stakeholders dedicated to shaping the future of AI in insurance.
At the forefront of the insurance industry’s technological evolution, the Ethical AI in Insurance Consortium stands as a beacon for responsible and ethical adoption of artificial intelligence (AI).
Our Value to the Industry
In navigating the evolving landscape of AI in insurance, choosing Ethical AI means embracing a myriad of benefits:
Cutting-Edge Industry-Leading Standards
Dive into the future with confidence, knowing that we are setting and upholding industry-leading standards that redefine the ethical boundaries of AI adoption in the insurance sector.
Unparalleled Transparency and Accountability
We are committed to transparency, ensuring that the development and deployment of AI technologies are not only comprehensible but also held to the highest standards of accountability.
Dynamic Collaboration Across the Ecosystem
In our consortium, collaboration is not just encouraged; it's the driving force behind everything we do. Join hands with insurers, insurtechs, legal and regulatory experts, industry influencers, and other stakeholders, creating an ecosystem where collaborative efforts power responsible practices and groundbreaking advancements.
Shaping the Ethical Future
Be part of a movement that envisions a future where AI serves not just the interests of insurers but also prioritizes fairness, accountability, and positive impact on all stakeholders especially for the insured.
What We Do
Collaboration and Knowledge Sharing
We facilitate collaboration and knowledge sharing among our diverse community of members. By bringing together insurance companies, AI developers, academics, regulators, and consumer advocacy groups, we create a dynamic environment where innovative ideas and best practices thrive.
Ethical Guidelines Development
We develop and promote ethical guidelines specific to the insurance industry. These guidelines address the unique challenges and opportunities that AI presents in underwriting, claims processing, pricing, and other insurance-related functions. Our goal is to ensure that AI is used responsibly, with fairness and respect for policyholders.
Fair & Responsible Innovation
We support the fair and responsible development of AI systems used by insurers. By supporting the development of clear documentation and accountability mechanisms, we aim to enhance trust and enable EAIC members to understand and challenge the decisions made by AI models to ensure the mitigation of any occurrence of bias.
Bias Mitigation and Fairness
We strive to eliminate biases in AI algorithms used in insurance. Our focus is on achieving fair and equitable outcomes throughout the insurance process, from underwriting to claims settlement. We are committed to developing guidelines and metrics to measure and address biases and discrimination.
Privacy and Data Protection
We promote responsible data governance practices to safeguard policyholder privacy and comply with relevant data protection regulations. Our aim is to ensure that personal information used in AI applications is handled with the utmost care and respect for individuals' privacy rights.
Upcoming & Recorded Events
Interested in hearing live or recorded sessions from our members on topics about ethical AI? Check out this page to learn about our upcoming and recorded events.
The Founders
Cloverleaf Analytics
Cloverleaf Analytics is the leader in Insurance Intelligence solutions, having evolved from Business Intelligence (BI) into providing advanced tools using ML and other emerging technologies to empower carriers to achieve unparalleled growth.
Exavalu
Exavalu is a Specialized Digital Transformation Advisor & Digital Solutions Partner for the Insurance Industry. Founded by former Industry CIOs and Consulting Executives with background in complex transformation and change initiatives within the insurance industry, Exavalu brings the best in Strategic Advisory and Digital Solutions delivery on industry-leading technology platforms.
Socotra
Socotra provides a modern core platform for Integration solutions for insurance, bringing unparalleled speed, agility, and efficiency to carriers, insurers, and MGAs.
Would you like to start a project with us?
Ready to be part of the transformation? Explore membership opportunities, collaborative projects, and ways you can actively contribute to the ethical evolution of AI in insurance.
