Giving the example of “AI-enabled hyper-personalisation of insurance”, Rathi said this could benefit many consumers but also warned that it “runs the risk of rendering some customers ‘uninsurable’, or even potential discrimination”.
“We want safe and responsible use of AI to drive beneficial innovation,” said Nikhil Rathi, chief executive of the Financial Conduct Authority, in a speech on Thursday. “But also an open conversation about the risks and trade-offs.”
https://www.ft.com/content/9f9d3a54-d08b-4d9c-a000-d50460f818dc