American Law Institute Continuing Legal Education will present a webcast on "AI and the Future of Insurance: Industry Trends, Claims Management, and Policy Impacts" on Thursday, July 27, from noon to 1:30 p.m.
Artificial intelligence (AI) seems to be all the rage lately. In fact, the insurance industry has deployed relatively simple AI algorithms in so-called "InsurTech" applications for many years in order to improve carrier efficiencies and reduce costs. But as personal and business AI applications proliferate across society and as AI sophistication increases, the risks of unintended policyholder and carrier consequences grows - sometimes exponentially.
During this 90-minute video presentation, our nationally recognized insurance experts outline AI business risks, coverage resources, and the ways insurance companies are preparing for a business landscape that increasingly relies on AI. Insurance underwriting and other AI risk management considerations will be explored, as well as potential coverage conflicts that could arise under currently available policies when AI causes a loss. Agenda topics include:
• AI, machine learning (ML), and robotic applications in today's world
• Generative AI: What is it, should its risks be managed differently, and how it is being used today and tomorrow
• Applications and liability exposure: Seeing the blind spots for you and your client
• Risk management best practices
• Policy solutions and underwriting considerations
• Litigation landscape: Potential coverage issues arising from AI and ML
• Bias and discrimination claims
• Privacy or data breaches
• Old-fashioned bodily injury or property damage
• AI applications in "InsurTech": Maximizing the benefits and minimizing the pitfalls
All registrants will receive a set of downloadable course materials to accompany the program.
This program is designed for policyholder-side and carrier-side coverage counsel, as well as attorneys advising insurers and corporate clients on coverage matters, insurance disputes, and corporate disclosure obligations; in-house counsel for insurers and policyholders; and risk managers and other risk professionals. This course might also be useful to attorneys with litigation practices.
Cost for the webcast is $249. To register, visit www.ali-cle.org.
