(Image source: FIN-X page at the University of Applied Science, Utrecht.)
FRISS (Utrecht, Netherlands), a provider of trust automation solutions for property/casualty insurers has announced a strategic collaboration with FIN-X, a research initiative by the University of Applied Science Utrecht, focused on innovative technologies and responsible AI. FRISS characterizes the partnership as underscoring its commitment to further advancing responsible AI practices within the insurance ecosystem, aligning with the company’s dedication to unleashing the full potential of AI technologies while mitigating risks.
FRISS says it recognizes the importance of responsible AI development in an ever-evolving landscape where AI plays a pivotal role in transforming the insurance sector. The vendor says its collaboration with FIN-X represents a significant step and aims to remain at the forefront of ethical and compliant use of artificial intelligence in insurance.
Continuous Commitment to Responsible AI
FRISS reports that it has always prioritized responsible AI practices, acknowledging the delicate balance between embracing innovation and complying with regulatory frameworks. In a recent blog post, titled “The Future of Responsible AI: Striking a Balance Between Regulation and Innovation,” FRISS elaborates on its philosophy and commitment to continuously improve its AI solutions.
FRISS says the collaboration with FIN-X will enable the vendor to leverage the latest research and insights in responsible AI, ensuring that their solutions not only meet but exceed industry standards for ethical and compliant use of artificial intelligence.
Key Benefits for the Insurance Industry
The collaboration with FIN-X also reinforced FRISS’s commitment to incorporating the latest advancements in responsible AI into its solutions, ensuring that FRISS’s AI technologies adhere to the highest ethical standards, according to the vendor.
“As we navigate the rapidly evolving landscape of AI in insurance, responsible innovation remains at the core of our mission,” Richard Bakker, Head of Data Science, FRISS. “The collaboration with FIN-X represents a strategic partnership that will bring FRISS to new heights in ethical AI development, benefitting insurers and the industry as a whole.”
“At FIN-X, we are thrilled to partner with FRISS, a company known for its commitment to innovation and responsible AI,” says Martin van den Berg, PhD, Head of Research, FIN-X. “Together, we aim to contribute valuable insights to the ongoing dialogue surrounding ethical AI practices, and explainable AI in particular, in the insurance industry, fostering a culture of compliance and innovation.”