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Key Takeaways from Insurance Innovators: NORDICS

by | Mar 28, 2023

InRule was on hand at the leading gathering of insurance executives in the Nordics region. Key thoughts from the event:

AI explainability is paramount – As public awareness of artificial intelligence has grown, so has the attention of international lawmakers. The European Parliament is finalizing its update to the AI Act to ensure trustworthiness in AI usage. Users must break open the black box of AI to both drive value and adhere to coming regulations.

Empowering business users speeds business – Complete dependency on IT vendors or internal technical staff equals extended change cycle times. User organizations must give AI powers directly to business experts to facilitate agility in the face of changing market conditions and stay ahead of competitors.

Economic conditions necessitate fraud protection – Current economic pressures are giving rise to greater fraudulent activity. Retailers and other organizations can fight back effectively with machine learning detection.

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