Source: National Law Review

National Law Review reports on a white paper by RESTBAI revealing that artificial intelligence has uncovered $27 billion worth of flawed risk appraisals within the insurance sector. The AI-driven analysis exposes systemic issues in underwriting models that could affect policy pricing and claims.

The paper emphasizes AI’s potential to improve risk assessment accuracy and fairness, suggesting reforms in regulatory and industry practices. The findings indicate a transformative impact of AI on insurance law and compliance.