Data Ethics & AI: Best Practices for Actuaries

This talk will provide an overview of key ethics questions regarding the fair use of data in AI, specifically tailored towards actuarial use cases and concerns. In it, we will highlight key areas of risk and provide practical guidelines on data best practices.The talk will cover:

• What uses of data for AI modelling purposes are admissible, in relation to regulatory requirements and data subject's rights
• Limitations on the use of historical data held by insurers for AI modelling purposes
• Use of data embedded in third-party AI models
• How to set up governance structures and manage enterprise risk around the use of data in AI