Cloverleaf Analytics, Exavalu, and Socotra Announce the Launch of the Ethical AI in Insurance Consortium
AUSTIN, Texas, July 31, 2023 /PRNewswire-PRWeb/ -- Cloverleaf Analytics (Cloverleaf), the leader in insurance intelligence solutions, Exavalu, a leading global digital advisory and consulting company, and Socotra, provider of the industry's leading policy core and end-to-end insurance technology solutions, are excited to announce the launch of the Ethical AI in Insurance Consortium. The Consortium aims to foster responsible and transparent adoption of artificial intelligence (AI) for decision management in the insurance sector, bringing together insurance carriers, technology and solutions companies, regulators, and other key influencers.
- The Consortium aims to foster responsible and transparent adoption of artificial intelligence (AI) for decision management in the insurance sector, bringing together insurance carriers, technology and solutions companies, regulators, and other key influencers.
- The Ethical AI in Insurance Consortium will address the challenges and opportunities associated with the use of AI in insurance, including algorithmic bias, customer acceptance, data integrity, and other areas used in product development, selling, servicing, and customer support for insurance products.
- Cloverleaf, Exavalu, and Socotra are the Consortium's initial founding members, with additional founding members to be announced within weeks.
- While Cloverleaf sparked the idea for the Consortium, it will not have any additional influence on the projects that the Consortium completes over any other member.