The Actuaries Institute and the Australian Human Rights Commission have partnered to produce a Guidance Resource on Artificial Intelligence (AI) and Discrimination in Insurance Pricing and Underwriting (the Guidance Resource).
The Guidance Resource contains information on:
- The key pieces of legislation
- The risks of discrimination arising from the use of AI
- How to mitigate these risks.
The Guidance Resource provides practical guidance for insurers on complying with the relevant legislation, as addressed in the resource, when using AI for insurance pricing and underwriting.
This project concluded in 2022.