Advances in AI Causing Big Decisions for Insurance Companies
As artificial intelligence continues to grow more advanced, many questions now need to be considered regarding risk management and insurance. One huge question is who is at fault when an AI powered technology that makes its own decisions does something that harms others? The very straight forward example provided by Business Insurance was what happens when an AI powered car hits someone? But the question even stretches further than that because “AI will have an impact on such diverse areas such as the economy, the environment, politics and the legal system”. Obviously there are many ethical questions that come into play here too but it will be very interesting to see how these innovations are handled from an insurance perspective.
Who do you think should be held responsible for the decisions made by AI?