Leading the insurance industry in responsible and ethical AI adoption by aligning technology, regulation, and stakeholder collaboration. Through shared governance, high-value multiparty solutions, and forward-thinking policy frameworks, the AI Council fosters innovation that streamlines processes and strengthens trust across the industry.

About the AI Council Initiative

Launched in October 2024, the AI Council Initiative represents a significant expansion to new technology exploration and solutioning, positioning us as the central hub for collaborative AI development, research, and thought leadership in the insurance industry.

Key Objectives

  • Elevating key AI insights, educational resources, and research to advance industry understanding of AI applications, regulatory considerations, and best practices in insurance.

  • Coordinating working groups and solution discovery through RFI processes to develop collaborative AI implementations. Current focus includes Workers' Comp premium fraud detection and identifying additional areas of opportunity for cross-company pilots of AI solutions.

AI Council Governance Structure

AI Council - Governance Responsibility

RiskStream and their members have identified some initial roles and responsibilities related to the AI Council governance role: 

Profile: 

  • AI Leader in the Insurance industry.

  • Broad knowledge of Artificial Intelligence/LLM Use cases.

  • Willing to work as a point person within RiskStream as an organizational and industry AI representative, giving consideration to timelines, industry & member demands and other appropriate factors that will be to the betterment of the Council and the industry’s interests.

  • Provides sign-off on critical decisions where appropriate and serve as your organization’s internal champion for the consortium for AI/LLM Use Cases or task force deliverables.

  • Willing to be a participant on various roles within AI Council, including AI Executive Committee, AI Policy Council, AI Solutions Council.

Responsibilities:

  • Attend quarterly meetings.

  • Assists with industry perspectives on regulation and ethical use of AI in the insurance industry. 

  • Assists with providing perspective on tools that may minimize bias.

  • Provide guidance on AI-related strategy.

  • Advising on consortia use cases (multiparty AI use cases).

  • Advising on solution providers and RFI awards. 

  • Creates strategy with Council and works with The Institutes, RiskStream Explores, and RiskStream on related deliverables, which could include workshops, educational offerings or standards.  

  • Help identify, supports and assists with recruiting efforts for new RiskStream Collaborative consortium members.

Ways to Get Involved:

Thought Leadership

Research Collaboration

AI Governance

Industry Events and Summits

Working Group Participation

Solution Provider & Consultant Collaboration

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