Latest / The Road to Accountable AI / Phil Dawson, Armilla AI: Insurance for AI Risks
Transcript
- 0:09Kevin: Hi, I'm Kevin Warbeck, professor of Legal Studies and
- 0:11Business Ethics at the Wharton School of the University of Pennsylvania.
- 0:15For decades, I've studied emerging technologies from broadband to blockchain.
- 0:19Today, AI is promising to transform our world, but AI needs accountability
- 0:26mechanisms to ensure it's developed and deployed in responsible,
- 0:29safe, and trustworthy ways.
- 0:32On this podcast, I speak
- 0:33Dawson: with the experts leading the charge for accountable ai.
- 0:40Kevin: Phil Dawson is head of AI Policy and Partnerships at Arm Miller ai.
- 0:44We talk about the need and demand for AI specific insurance, what it takes
- 0:50to develop effective AI policies, how AI evaluation and assurance mechanisms.
- 0:55Feed into insurance underwriting, what policymakers can do to facilitate
- 1:00a healthy AI insurance market, what we can learn from cyber insurance to
- 1:04apply to the AI context, as well as how AI insurance could create pressure
- 1:11for companies to invest effectively and efficiently in AI governance.
- 1:16Phil, welcome to the Road to Accountable ai.
- 1:20Dawson: Thanks for having me.
- 1:22Kevin: Let's start by talking about what exactly AI insurance
- 1:26means in specific terms.
- 1:28What exactly is that that companies are insuring against?
- 1:33Who's the one getting insurance policies?
- 1:34How does that process work?
- 1:36Dawson: so AI insurance today it's a new category of insurance, but
- 1:41it is still fairly heterogeneous.
- 1:43So, people think of, AI insurance, when they hear the word as potentially being
- 1:48a standalone product such as our Millers.
- 1:51But there is an expectation in the market that other policies
- 1:54that make no reference whatsoever to AI are also covering AI risk.
- 2:00Right?
- 2:01So we have, that has kind of been the historical status quo.
- 2:04And now when we talk about AI insurance, typically we're meeting one of these,
- 2:09standalone products like Arm Miller has standalone, insurance product that
- 2:13deals with AI risk and related claims.
- 2:17Firstly, that would mean for, let's talk about the insured
- 2:20asset as you, as you mentioned.
- 2:22For us at Mila, how we think about the insured asset that is the AI
- 2:26system or model or system of models.
- 2:29So effectively the AI powered application, we're not talking about,
- 2:33necessarily the foundation model itself.
- 2:35Out of the box chat, GBT, off the shelf we're talking about.
- 2:40A model could be an LLM, could be a classical machine learning model,
- 2:43or a system of them that have been orchestrated and maybe fine tuned and
- 2:49with associated guardrails and used for a specific purpose, or series of purposes.
- 2:55And the surface area for those uses is expanding all the time, but
- 2:59we're talking about the AI system.
- 3:01That is fundamentally driving or powering an application, a software application.
- 3:06So the insured asset is an AI product, an AI powered product.
- 3:09that's kind of where we start.
- 3:11That is what we're insuring.
- 3:12And in terms of covered losses, there's two, types of losses, first party losses
- 3:18that someone, for instance, using an AI application might suffer if it.
- 3:22Hallucinates or leads to model error or some other type of, unintended
- 3:27behavior, or harmful output that causes.
- 3:30Property damage, for example, to the insured.
- 3:33Say it's using ai, in an industrial plant or manufacturing plant, for
- 3:38predictive maintenance of equipment.
- 3:41And some failure leads to property damage that would be a first party, harm or loss.
- 3:46There are also third party harms.
- 3:48I think that's where we've seen, the greatest interest
- 3:51so far in protection against.
- 3:53Third party losses, and that would be where AI used by a company leads
- 3:58to some, third party claim against 'em from a customer, a partner, an
- 4:03individual who, has suffered themselves some type of harm on account of the ai.
- 4:09Underperforming or some error or the systemic discrimination.
- 4:14And maybe some of those, class actions that you see in both the health
- 4:18insurance base or in AI and hiring and some of the HR tech platforms that
- 4:22are being, sued with alleged, bias or systemic bias, that would be a great and
- 4:26prominent example of third party harms.
- 4:29Kevin: Alright, well let's get into that question as you say, there are lots of
- 4:32existing policies that companies have.
- 4:35We know whether it's general liability or directors and officers or something else.
- 4:38Why do we need a company like Arm Miller to specialize in AI insurance?
- 4:44Dawson: There's a really good and also nuanced answer to that question.
- 4:47I think why do we need AI insurance policies today?
- 4:50Why do we need a company like Armella to help, to launch
- 4:53a new category of insurance?
- 4:56The most basic way to answer that is to say that traditional insurance policies
- 5:01like you mentioned today's directors and office officers, insurance policies,
- 5:06errors and admissions policies, tech and o, professional liability cyber
- 5:09insurance, they were not designed in their wording or even in their underwriting
- 5:14intent to cover AI risk today.
- 5:18There was two things there.
- 5:20There's not the explicit wording.
- 5:22And as part of the policy and the coverage.
- 5:26So there's not that clarity in the market, that the market is actually
- 5:29really craving right now, given the extent of AI risk and liability exposures.
- 5:34So there's not that clarity in the wording.
- 5:37But there's also has not as of yet been the intent on the underwriting side.
- 5:41So many of the policies today that.
- 5:44Make silently cover or address AI risk and do not explicitly exclude it.
- 5:49We're not underwritten to the risks.
- 5:51As part of a, insurance underwriting process, when an applicant, a large
- 5:55company, for instance, applies for one of these insurance products.
- 5:59They will typically undergo some type of an assessment,
- 6:01let's say, on cyber insurance to understand their risk posture.
- 6:05This is changing, but up until recently, mostly these policies and the underwriting
- 6:10questions did not make any mention of ai.
- 6:14Ai, the applications that are being used, the inventory applications that
- 6:17are being used, the specific risks of each of these systems, the policies or
- 6:21governance processes that companies have in place to manage and govern AI risk, the
- 6:26testing, of these systems, the validation, whether there's third party audits
- 6:31or certifications that are obtained.
- 6:33This has not been part of the process of.
- 6:35Underwriting, in cyber insurance or tech e and o, this is changing and we're starting
- 6:40to see questionnaires where insurers are asking more questions about ai.
- 6:44but historically this has not been the case.
- 6:47When an insured knows that the policy has no wording on ai, and in discussion
- 6:51with the broker and potentially also the carrier, they have an understanding that.
- 6:56The underwriting process doesn't really address AI risk.
- 6:59And there is the assumption then that the pricing has not reflected
- 7:02a quantification of AI risk and that at some point the policy could change
- 7:08or certain exclusions, for instance.
- 7:11Might be relied upon to deny claims if they're in some way, applied to a
- 7:16certain scenario or that more practically speaking, there could already be
- 7:20gaps, there could already be partial coverage or areas that insurers,
- 7:26have a desire to move away from covering.
- 7:29And so given the importance of AI in the economy today, given how, important it's
- 7:35to some company's growth, particularly if they're software developers or if
- 7:40they're investing a lot in AI as a large enterprise, large deployer with
- 7:45dozens, potentially hundreds, sometimes of AI uses in production, in material.
- 7:51Risk and sensitive uses of highly regulated industries and so on.
- 7:56you have very low tolerance for uncertainty in your insurance coverage
- 8:01that is supposed to be covering ai.
- 8:02You want to know that it covers AI risk.
- 8:04You want to see how it covers AI risk.
- 8:06You want to understand what limits will be available to you.
- 8:09If there is an AI related, loss that leads to a claim, a sizable claim.
- 8:14You would prefer today, potentially to pay an insur, an additional insurance
- 8:19premium, to have that, security, around the dedicated, AI insurance limits that
- 8:25are, that will be available to you.
- 8:27And there's an interesting survey from the Geneva Association, which
- 8:32is A think tank that is led by 40 of the largest insurers in the world.
- 8:37They put out a report this past fall, and a survey of 600.
- 8:42Corporate insurance buyers at top, fortune 1000.
- 8:45and over 90% of them indicated they're now seeking dedicated
- 8:49coverage for ai, generative ai.
- 8:51the market is asking for this, and the policy language and the
- 8:56underwriting is struggling to keep up.
- 9:00Kevin: What then exactly.
- 9:01Does ARM do?
- 9:02Presumably the writing language to be explicit about AI is the easy part.
- 9:07is it that underwriting, that risk is set and help us understand
- 9:10where you fit into this landscape?
- 9:13Dawson: Yeah.
- 9:13So Arm is what you would call a, a managing general agent.
- 9:16and we are also a Lloyd's cover, cover Holter.
- 9:19So what that means is, is we as a startup insurer.
- 9:23We sit between the insurance capital providers or capacity
- 9:27providers, as we call them.
- 9:28and for us that means, large reinsurers and some insurers who have syndicates
- 9:32at Lloyd's who are also interested in backing, specialty insurers who are
- 9:37often MGAs, managing general agents who can help, provide, specific expertise,
- 9:42technical expertise in areas that are more difficult to underwrite, or new products.
- 9:47So, yeah, so we're involved across the board in the drafting of the
- 9:51policy wording and our products.
- 9:52we've done that with great collaboration from our insurance
- 9:55partners, our capacity providers.
- 9:57We're also technical underwriters.
- 9:58We perform the underwriting at our Miller, and we bind the
- 10:01policy as an MG and cover holder.
- 10:03when an insured or a broker brings us to one of their customers.
- 10:07They deal exclusively with arm and they get an Arm Miller Insurance policy.
- 10:12They go through an ARM led underwriting process and Arm Miller binds the
- 10:15policy, and access the insurer.
- 10:19Kevin: the company didn't start with this business model.
- 10:22So, tell us a little bit about the history about how Arm Miller got, to AI insurance.
- 10:26Dawson: Arm was founded almost five years ago now.
- 10:29I joined the company four years ago.
- 10:31When the company was founded, I think the mission has stayed the same, but
- 10:36the business has evolved, in search and support of that mission really
- 10:39to build justified or evidence-based trust in artificial intelligence.
- 10:44and ultimately help with adoption.
- 10:45So the company, when it was founded was a SaaS company, that was providing.
- 10:50Testing and validation tools to enterprise data science teams as a SaaS platform.
- 10:55and this is, five years ago.
- 10:57the goal being to provide as companies, particularly larger companies
- 11:00who are already expanding in the number of, AI development projects
- 11:04that they were embarking upon.
- 11:05The idea was that they would need a standardized testing toolkit to be able
- 11:10to, for efficiency reasons and then also to more comprehensively have access to the
- 11:15most comprehensive toolkit for testing.
- 11:18So that was the original company business model.
- 11:21But very quickly, after launching the company.
- 11:24we saw an opportunity in the insurance market having discussions with reinsurers
- 11:29such as Swiss Re, who were already looking into, the potential challenges
- 11:34emanating from silent AI coverage, or at least the AI coverage that was there
- 11:39in insurance policies, but silent, silently addressed, they were looking at
- 11:44this already and trying to understand.
- 11:46And they've written some very helpful reports on this over the last several
- 11:50years, trying to understand what the impacts could be for the industry
- 11:54itself and potentially for insured to the extent that there were gaps in
- 11:57coverage or the need for new products to address new market, requirements for ai.
- 12:04We thought that this would be, a potentially enormous opportunity.
- 12:09and had established some excellent partnerships, including with Swiss
- 12:12Re and other partners, Greenlight Re, others who were still working with today.
- 12:16And the first product that we launched was a performance guarantee.
- 12:20addressing the problem of not only a need for, third party validation
- 12:25of AI model performance metrics.
- 12:29but more than that, some coverage in the event that they underperformed
- 12:33with respect to the KPIs that are often stipulated in the
- 12:38service level agreement, the SLA.
- 12:40that was our first product and even all the while we were working towards,
- 12:44launching this liability insurance product that came out last May.
- 12:49as I said, the mission, to build trust in ai, has remained the
- 12:52business itself has evolved.
- 12:54we performed, dozens of, audits and, and, assessments of applications
- 12:59and, and highly regulated contexts and HR and financial services and
- 13:03insurance, customer service chatbots.
- 13:06all of this helped us build up.
- 13:09the scalable evaluation capabilities that we need for underwriting, as well as,
- 13:16our own proprietary AI risk data on, the understanding we developed and the data
- 13:21on how models fail, how robust, and the robustness requirements of AI systems.
- 13:27The probability of failure in different scenarios.
- 13:31And yet we notice that still companies, after we had.
- 13:35Provided them reports on
- 13:37How well models performed or potentially underperformed, they
- 13:40became fundamentally more concerned about the risk and exposure of these
- 13:44systems, understood the limitations, and the bounds of the performance.
- 13:49So we just saw insurance increasingly as we embarked on
- 13:52this journey, we saw insurance as.
- 13:54a catalyst for trust as a financial incentive for continuous improvement in
- 13:59safety and better testing practices, it became more and more clear that insurance
- 14:05would provide, a new incentive for companies to invest in the practices and
- 14:10the tooling and really the requirements to build and deploy safe, responsible ai.
- 14:15Kevin: But for insurance to be that catalyst for trust,
- 14:19Dawson: Hmm.
- 14:19Kevin: There has to be enough clarity about causation.
- 14:24There has to be enough information out there both for the, the insured
- 14:28and for, company like Arm Miller.
- 14:30and there needs to be some understanding about what are the kinds of practices
- 14:35that a firm can and should be doing, and how they might affect the risk.
- 14:40Are you able to.
- 14:41Address, all of those issues in the current environment.
- 14:46Dawson: yes and no, and I think most many of them are definitely works in process.
- 14:50you mentioned, the idea of, causation and in some ways that also brings in.
- 14:55lack of clarity or poor clarity on liability regimes related to ai.
- 14:59yes, I think area that, with more clarification, of the liability
- 15:03regime, for instance, or if there was a clear standard by which
- 15:06a responsible conduct, could be measured against that would, bring a
- 15:10lot of clarity to us as an insurer.
- 15:13but for the time being, it's something that we're having to look at on both
- 15:16sides is both parties, are concerned about liability, unclear about
- 15:20necessarily where it lies and interested in exploring, insurance coverage.
- 15:25Kevin: Your job specifically at Arm Miller is head of policy.
- 15:27what exactly does that entail and why does an insurance company need
- 15:31someone focused on policy issues?
- 15:34Dawson: my title is Head of AI policy.
- 15:36partnerships in some ways a head of policy title is a little bit of a
- 15:40legacy title from our Miller's origins.
- 15:43And when we were, launching our SaaS platform and providing
- 15:47third party assurance.
- 15:49there was always a need for someone to continue to follow shape, participate
- 15:56in the public policy conversation on AI governance, and ultimately, nurture
- 16:02expertise on AI regulations, standards, ai, risk management frameworks.
- 16:07and that has been my career for almost 10 years.
- 16:10my first roles in AI policy were 20 17, 20 18, at companies that were
- 16:15helping To draft the OECD AI principles.
- 16:17I have been part of the AI policy, world for a number of years, and it
- 16:21became directly relevant to Arm Miller from a commercial standpoint as we were
- 16:25providing the tools to operationalize these policies and these risk
- 16:30management and governance frameworks.
- 16:32that was still true when we became a, provider of AI assurance services
- 16:37and assessments and evaluations.
- 16:39companies, our clients.
- 16:41very interested in how we had constructed our assessments, based on what
- 16:45frameworks, what standards, and we're often looking for guidance, in addition
- 16:49to our service on, how they might adjust or develop their own responsible AI
- 16:54programs or AI governance programs.
- 16:56So there has been kind of a need for Amila to, Showcase leadership, and maintain
- 17:02expertise, in ai policy governance, responsible ai, AI safety, and that has
- 17:07actually been true in insurance too.
- 17:09Kevin: Are there things governments can be doing to facilitate the development
- 17:15of a healthy AI insurance market?
- 17:18Dawson: Yes, and we get, this is a question we get, I think more and
- 17:21more, frequently, including from, state legislatures and lawmakers
- 17:26who are interested in better understanding all the ways that.
- 17:30public policy or legislation could incentivize better practice beyond
- 17:37command and control regulations of prescriptive obligations.
- 17:40They want to understand how to activate the market, and tap into market incentives
- 17:47for, for self incentivizing behaviors.
- 17:50Let's, if we could put it that way.
- 17:52So some of the things I think we typically recommend are.
- 17:57to explore policy and even legislative measures that could help incentivize
- 18:04transparency, disclosure, as well as the emerging AI assurance industry.
- 18:11So things that we've already been talking about, that help
- 18:13generate the standardized.
- 18:16Data that insurance underwriters ultimately need to help
- 18:21assess and quantify AI risk.
- 18:24and that's because today, one of the challenges of covering ai, as an
- 18:28insurer is the absence of claims data
- 18:31Even proxies for claims data to build actuarial models and
- 18:35underwrite as underwriters would traditionally underwrite.
- 18:38and in the absence of that, what you do need is to have access to credible,
- 18:45Proxy signals for understanding AI risk.
- 18:47and for us, as I mentioned, that is rooted in companies overall,
- 18:52governance and risk posture, and critically the AI system itself.
- 18:56how performance it is, how robust it is, how safe, how guardrails,
- 18:59how performant the guardrails are and to have data in all of these.
- 19:03Attributes of a company.
- 19:05so if policymakers, as they explore, different policy initiatives or
- 19:10even legislation regulation, if they can help incentivize companies to.
- 19:16Self-assess to undergo a third party assessment, to, provide,
- 19:21explore things like safe harbors to incentivize disclosures and standardize
- 19:25what types of disclosures, both in terms of the substance and the
- 19:28manner in which they're provided.
- 19:31Then we are beginning to have information that is readily
- 19:34available for underwriting.
- 19:36that is, standard practice in the industry and not a. Special,
- 19:42request from a specific underwriter.
- 19:45as an example.
- 19:46So, if it becomes standard practice to both generate this data and to
- 19:51share it commonly with protections and incentives in place, in law.
- 19:56Then that can significantly enhance underwriters, ability to access the
- 20:00data they require, to underwrite.
- 20:03Kevin: does that work given how fast AI is moving?
- 20:06you mentioned when you started it was predictive machine learning was the
- 20:11primary thing companies are doing.
- 20:12Then generative AI and foundation models came along.
- 20:14Now so many firms are deploying agentic systems, which have
- 20:18a different risk profile.
- 20:20So even if companies have to disclose, given the rapid speed of change, is it
- 20:26really possible to keep up and underwrite what they're actually doing today?
- 20:30Dawson: so that's one of the core challenges.
- 20:32one of the many challenges of, both assessing, assuring, evaluating AI
- 20:37systems, but also underwriting, them today is just the pace of change, the speed
- 20:41at which, companies are experimenting, or relying upon multiple models as part
- 20:47of systems and updating them as models are updated and it's extremely dynamic.
- 20:52one of the things that Arm Miller does as part of its underwriting,
- 20:55and conditions of binding policies, we have certain monitoring.
- 20:58Obligations that, an insured would have and other insurers who are looking at
- 21:03AI insurance as well are exploring this.
- 21:05It's a bit of a new, construct in insurance to have continuing
- 21:08duties for policy holders.
- 21:10but I think we think it is critical.
- 21:12and progressively I think what we would love to see, and we know it's not possible
- 21:17for every company today, would be.
- 21:20continuous monitoring at greater depths.
- 21:22and that's, not possible today and certainly not in place for
- 21:25most companies, but there are technologies that enable this.
- 21:29there are NL ops platforms and observability platforms
- 21:32with evolving capabilities.
- 21:34an ability to, both detect, Drift and even get attacks.
- 21:38creatively just provide, model output, visibility into model
- 21:42outputs on a real time basis.
- 21:44I think there in the fullness of time, which is maybe a bit of a
- 21:49strange thing to say in the AI industry, but let's just say.
- 21:52Looking ahead.
- 21:54I think we definitely see the potential to have progressive, monitoring in place.
- 22:00and for the time being, depending on the solution for us, it would be
- 22:04requesting, updates, when there's material change that has been defined.
- 22:08And many companies do define material change in the system,
- 22:10and we can also help 'em do that.
- 22:12but we would require, Updated information about the system that has undergone a
- 22:16material change and certainly annually.
- 22:18So that's how we're addressing it today.
- 22:19And depending on the use, there may be more, stringent monitoring requirements.
- 22:24But the idea is to, be proportionate to really the business reality of
- 22:29the customer today while taking into account, our own, needs as an underwriter
- 22:33to have sufficient information to underwrite and maintain a policy.
- 22:38Kevin: What can we learn from, cyber insurance, which seems like the most
- 22:42analogous scenario or, or product.
- 22:45There's lots of policies out there, but my understanding is
- 22:48the, the perception is that the state of practice in cybersecurity.
- 22:53Has not really improved dramatically.
- 22:55There hasn't been that virtuous cycle of insurance getting companies
- 22:59to improve in the same way.
- 23:00are you able to take anything at our Miller from, what has happened in that
- 23:04sector to learn how to do better for ai?
- 23:08Dawson: Yeah, and it's something that we've, you know, we hear
- 23:10many different types of analogies from the cyber insurance space,
- 23:13both in terms of how that product.
- 23:15emerged and the time it took and some of the exclusions that catalyzed or
- 23:19confirmed the category and turned it into, the product that is today
- 23:23as well as the evolution of the underwriting and some of the pitfalls.
- 23:27some of the challenges of.
- 23:29Keeping, staying ahead of different threat vectors and attacks, particularly with
- 23:34AI now, part of that, threat landscape.
- 23:37so I think there are some good lessons there, for AI insurance as well,
- 23:42if it ever is to play that type of incentive for better governance.
- 23:46but I think first I'd say is that looking at AI insurance, risk-based pricing.
- 23:53Will and should reward organizations with strong
- 23:56evaluation and governance practices.
- 23:58as in if insurance premiums increase, in proportions of the risk, and if
- 24:02risk is measured in part based on how mature companies are from a governance
- 24:07risk management standpoint, from a testing, from a control standpoint,
- 24:11then the incentive should be aligned.
- 24:13That is not always the case with underwriting.
- 24:14we do see today in the AI insurance market, different companies
- 24:19that are exploring alternative means of underwriting based on
- 24:22some of these proxy data sets.
- 24:23For instance, AI litigation data, maybe incident data.
- 24:28But, I think the consensus is that those data sets are very limited today
- 24:33when it comes to underwriting AI risk.
- 24:35They can be used as, they're not sufficient proxies.
- 24:38mostly it's kind of wild to think, of them as providing the
- 24:41foundations for underwriting.
- 24:42If you think of litigation data is looking at systems that are being litigated.
- 24:48many times those systems are.
- 24:50And now we're trying to predict the risks of ag agent systems or MultiGen
- 24:55multi-agent systems that are just being developed now, versus, you know, the
- 25:00copyright and, and copyright and training data lawsuits that are filing itches bt
- 25:04one or two years after it was launched.
- 25:06So, it, it, I think there, there are cases today where we see, you see underwriters
- 25:11Whose approaches are not aligned with, safety or governance, practices or based
- 25:17on them and, and therefore providing incentives for continuous improvement.
- 25:20They're, they're looking at, risk, macro level risk signals
- 25:24that do not necessarily.
- 25:26translate into system specific, incentives for improving
- 25:30safety or, or, or risk posture.
- 25:32So it can go both ways.
- 25:35I think there, we definitely view our approach as helping to incentivize
- 25:39evaluations and, incentivize improvements in safety and reduction of risks.
- 25:44and in part that's, explained by arm Miller's journey towards, underwriting.
- 25:48the second would be that insurers can also require coverage conditions.
- 25:51We mentioned duty to monitor, and potentially duty to have a
- 25:56third party assessment performed.
- 25:58There are different controls that insurer can place or subjectivities
- 26:01that insurer can require of an insured as part of binding the policy.
- 26:04So there's.
- 26:06Quasi, regulatory role that the insurer can play.
- 26:10we're ready to buy, but we're gonna need to see these adjustments, over
- 26:14the course of the policy period or at renewal, for instance, based on
- 26:18the new feature, material change in the application or new deployment.
- 26:22I think another thing to take into account is that, premiums
- 26:25should, scale with deployment size, at risk and risk exposure.
- 26:30some traditional underwriting processes for other insurance
- 26:32products might look at.
- 26:34Some things like company revenue and that would play a significant role as part of
- 26:38the pricing and amongst other factors.
- 26:41It's a little bit more challenging for artificial intelligence where you can
- 26:44have very small providers, who become ones successful very, very quickly
- 26:50or, land their first client, which is a Fortune 500 company that uses
- 26:55their hr, ai hiring system at scale.
- 26:58so the exposure, the profile, is a little bit different.
- 27:01and the premiums can and should take account of that.
- 27:04so that as a company grows, or depending on the type of deployment, the type
- 27:08of customer it has, the exposure profiles is very, very different.
- 27:12And pricing should reflect that.
- 27:14So, one thing we've done at Arm Miller is we've launched a partnership program
- 27:19Kevin: that,
- 27:20Dawson: Well known AI, GRC platforms or auditing companies, certification
- 27:25bodies, assessment providers into, services that we can offer to our insured.
- 27:30So now we're.
- 27:32investing time and support and helping to create, for companies who don't
- 27:36have already this whole marketplace of technologies and services that
- 27:41can help them improve, their posture.
- 27:44of course that makes them more ready to be underwritten by Mila.
- 27:48but there's a role there, for insurers in helping to improve the overall
- 27:51maturity of the industry, as it begins to explore insurance and insurability.
- 27:57and beyond that, think of some of the things that we mentioned before
- 28:00investing time and shaping industry standards and some of the research into
- 28:04areas around liability, for instance.
- 28:06These are things that we're doing at our mill.
- 28:08and that other insurers, would naturally have an incentive to do
- 28:11as well, to help build the market.
- 28:14Kevin: it's a really exciting opportunity, and, fascinating to watch, as you
- 28:19and others are trying to build this.
- 28:20we have to wrap up.
- 28:21And Phil, thanks so much for being part of this podcast.
- 28:24Dawson: Thank you so much for asking me to be on the show today.
- 28:29Kevin: This has been The Road
- 28:30Dawson: If you like what you're hearing, please give us a good
- 28:32review Thank you for listening.
- 28:37Kevin: If you want to go deeper on AI governance, trust and responsibility
- 28:41with me and other distinguished faculty sign up for the next cohort of
- 28:44Wharton's Strategies for Accountable AI Online Executive Education program.
- 28:49Featuring live interaction with faculty expert interviews and custom
- 28:53designed asynchronous content.
- 28:55Join fellow business leaders to learn valuable skills you can
- 28:58put to work in your organization.
- 29:00Visit exec ed.wharton.upen.edu/acai for full details.
- 29:08I hope to see you there.