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ISSN Number:
2582-8568
Journal DOI No:
03.2021-11278686
Title:
Business Ethics and Artificial Intelligence in the Insurance Sector: Opportunities and Challenges
Authors:
Cite this Article:
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Business Ethics and Artificial Intelligence in the Insurance Sector: Opportunities and Challenges, International Research Journal of Humanities and Interdisciplinary Studies (www.irjhis.com), ISSN : 2582-8568, Special Issue, January 2025 One Day International Symposium Organized By SETH HIRACHAND MUTHA COLLEGE OF ARTS, COMMERCE & SCIENCE, KALYAN (Maharashtra, India), Page No : 126-128,
Available at : http://irjhis.com/paper/IRJHISIS2501018.pdf
Abstract:
Artificial Intelligence (AI) is transforming the insurance sector by enabling data-driven decision-making, improving efficiency, and enhancing customer experiences. However, this rapid adoption of AI raises significant ethical concerns, including biases in algorithms, transparency, data privacy, and the displacement of human labor. This paper explores the intersection of business ethics and AI in insurance, examining both the opportunities AI offers and the challenges it presents. The discussion highlights the need for ethical frameworks and regulatory oversight to ensure AI systems operate in a manner that aligns with fairness, accountability, and societal well-being.
Keywords:
Bias in Algorithms, Transparency and Explainability, Accountability, Displacement of Jobs
Publication Details:
Published Paper ID: IRJHISIS2501018
Registration ID: 21744
Published In: Special Issue, January 2025 One Day International Symposium Organized By SETH HIRACHAND MUTHA COLLEGE OF ARTS, COMMERCE & SCIENCE, KALYAN (Maharashtra, India)
Page No: 126-128
ISSN Number: 2582-8568
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