2022 IRI Annual Conference

Bennett B. Borden and Scott M. Kosnoff will share their presentation, “AI, Algorithms and Unintended Bias,” at the 2022 IRI Annual Conference.

Insurers are expanding their use of artificial intelligence and algorithms, even as policymakers raise concerns about fairness and potential bias against protected classes. In the absence of clear regulatory guidance and standards, industry and legal stakeholders are struggling with how to address concerns about algorithmic fairness, leading to increase regulatory and reputational risk. This is an important societal issue of deep concern to organizations and everyone in the legal profession should be monitoring developments in these increasingly high-profile issues. This program will discuss the emerging regulatory standards and best practices and explore how insurers can protect themselves from regulatory, litigation and reputational risk.