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InsurTech weekly - How AI is shaping the future of risk assessment in Financial Services

Explore SwissRE's roadmap for responsible AI in life & health insurance, Simon Taylor’s analysis of AI’s impact on bank underwriting, and The Economist's take on what 'Open Source' means for the AI industry. A deep dive into challenges, benefits, and transformative potential.

1/ Responsible AI in life & health insurance

The first article was published by SwissRE recently on the roadmap insurance players should consider while embracing artificial intelligence in life & health insurance business lines. Interestingly, the article doesn't challenge the benefits of AI in these industries and focuses on how to get the most of it by tackling challenges these technologies raise (including algorithms bias, HR or operational impacts).

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2/ AI in bank underwriting

The second article is an essay Simon Taylor published a few weeks ago on how AI technologies could impact credit underwriting and more broadly on productivity in underwriting functions in the banking industry. The essay explores the data challenge incumbent have had around credit, how recent AI technologies could help and challenges - including regulation - the industry will have to tackle accordingly.

3/ What 'Open Source' means in AI?

The third article was published in The Economist a few days ago. It's explore what 'Open Source' means in the AI industry. It starts with a reminder of this kind of initiatives in the tech space, details how tech giants currently communicate on it and how this could impact the AI industry.

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