Innovation Fireside: Bias and AI
Insurance is the business of risk, and success depends on the ability to predict risk.
Algorithms are supposed to be a neutral tool that helps insurance companies analyze ever-increasing data to calculate risk.
At its best, artificial intelligence can teach itself to almost perfectly calculate risk.
At its worst, it can hide price discrimination and disproportionately affect low-income and minority consumers.
Join Center for Economic Justice Director, Birny Birnbaum and CEO and co-founder of Lemonade, Daniel Schreiber for a conversation about the potential, for better or worse, of AI.