Navigating Model Risk Management in the Age of Artificial Intelligence

Explore how insurers can navigate model risk management in the age of Artificial Intelligence. This session covers emerging AI risks, governance principles, and the need for AI-compatible frameworks. Learn about the IAA AI Task Force initiatives, testing methodologies for ethical AI models, and a real-world case study on validating a machine learning underwriting model. Gain insights into building robust governance structures to ensure fairness, transparency, and accountability in AI deployment.