Free online tool helps insurers map out AI governance framework

New Online Tool Supports AI Governance for Insurers

Insurers now have a valuable resource to help develop their artificial intelligence (AI) governance frameworks, thanks to a new online assessment tool from SAS. This free tool is designed to assist companies in navigating the complexities that come with incorporating AI technologies into their operations.

About the Assessment Tool

The tool aims to provide insurers with a structured way to evaluate their current practices related to AI governance. By answering a series of questions, users can assess their AI initiatives and identify areas for improvement. The goal is to ensure that these technologies are being used ethically and in accordance with industry regulations.

Key Players Involved

SAS, known for its advanced analytics and AI capabilities, developed this online tool in response to growing concerns about the risks associated with AI in insurance. The initiative reflects an increasing recognition among industry leaders of the importance of establishing clear governance measures to mitigate potential risks.

Who Could Benefit?

The primary audience includes insurance companies looking to implement or refine their AI practices. By using the assessment tool, they can gain insight into how to align their technologies with best practices, thereby fostering trust and transparency in their use of AI.

A Broader Impact

This tool stands to benefit not just individual companies, but the entire insurance industry, as it encourages standardized governance practices. As insurers continue to embrace AI, having a robust framework in place will be crucial for ensuring responsible use and maintaining customer confidence.

Overall, this initiative could lead to better risk management and potentially enhance the industry's innovation efforts.

Original Source: https://insurancenewsnet.com/innarticle/free-online-tool-helps-insurers-map-out-ai-governance-framework