I don’t see how we can use ai and not have it generate new biases.
I also feel like biases have been baked into insurance data in a discriminatory way for a long time — think about how much car insurance is for a 16 year old boy.
I also feel like biases have been baked into insurance data in a discriminatory way for a long time — think about how much car insurance is for a 16 year old boy.
Having worked in medical billing, it is very scary how medicine as an applied science is carrying around a huge ball and chain of “insurance hasn’t figured out that their medical model is decades out of date.”
Big, complex, data intensify problems are not going to be solved by an army of humans on legacy ERPs.
No idea how to fix the problem though.
Start an insurance company
It sounds impossible, but every one of these giants were founded in the past century.
They can be beaten with enough capital, power and ingenuity.
But that’s not gonna be done by a pre-seed startup with $1M in the bank and some cool products.
Genuine change requires a long view and a willingness to compete against a cartel.