Inside FCA’s AI test: Avantia reveals regulator’s view
Mark Eastham, CEO of Avantia, the sole insurer participant in the Financial Conduct Authority’s Artificial Intelligence Live Testing initiative, has shared what the MGA has gained from direct engagement with the regulator.
In an exclusive interview with Insurance Post, Eastham said the UK regulator is supportive of AI making insurance decisions.
“The FCA don’t mind if models make decisions as long as you’ve got good
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