Insurers Required to Conduct Bias Testing on AI, According to New York State
Monday, 15 July 2024, 09:01
Insurers in New York mandated to test AI for bias
In a recent development, New York State has introduced regulations that require insurers to conduct rigorous testing on their AI algorithms to identify and eliminate biases.
Aim for fair and equitable AI applications
The new mandate is designed to promote fairness and equity in the use of AI within the insurance sector, emphasizing the need for unbiased decision-making processes.
- Transparency and bias detection: Insurers must implement measures to detect and address bias in their AI systems
- Ethical implications: The directive highlights the ethical considerations associated with AI usage in the insurance industry
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.