Ethical AI in Insurance Consortium Expands with 10 New Founding Members and Launches Insurance AI Research Project
Summary
The inclusion of these new founding members marks a significant milestone in achieving the Consortiums mission to unite insurers, insurtechs, technology solution providers, regulators, and key influencers towards a common goal. Michael Benayoun, Director of Partnerships at Socotra, emphasized, "We are committed to using research-based insights to drive meaningful change in the industry and leverage AI responsibly for the benefit of all stakeholders." Michael Schwabrow, Executive Vice President of Sales and Marketing for Cloverleaf Analytics, highlighted the importance of the industry collaboration, stating, "The collective knowledge that is now represented within the EAIC means the Consortium will have broader reach and consideration for every aspect of the insurance distribution cycle and the ethical usage of AI. Topa Insurance Company is a boutique carrier, committed to strong relationships, aligned partnerships, excellent service, underwriting expertise, and quality products for our wholesale brokers, general agents, and MGAs. Locke Lords nearly 100 years of experience in the insurance and reinsurance industries has consistently placed the Firm as a leader with the breadth, depth and sophistication required to advance clients business goals.