What:
Munich Re is enhancing the acceptance of artificial intelligence (AI) with its CertAI validation service, paving the way for the responsible use of AI applications.
Why:
The increasing implementation of AI in business is giving rise to many new risk areas and client requirements that need to be identified, analyzed, understood and evaluated. And Munich Re considers trustworthy AI to be a strategic growth area.
How:
- CertAI independently and objectively validates the trustworthiness of AI in new product solutions and demonstrates its quality to clients, investors, and supervisory authorities
- In other words, CertAI validates fully fledged AI systems or AI solutions already in productive use.
- It analyses these solutions on the basis of six factors – fairness, autonomy and control, transparency, robustness, functional and cyber security, and data protection.
- CertX, a Swiss certification company, and Fraunhofer Institute for Intelligent Analysis and Information Systems collaborated with Munich Re on this endeavor.