For the past generation, many sources of risk pooling have been demised or reduced. Some of this was highlighted by the Great Risk Transfer. However, this continues to be the case with many financial products, and if this isn’t considered now, then many forms of insurance will be unaffordable, unviable or unattainable for an ever greater minority. This risk increases with the ever-wider use of Machine Learning and AI to use data and insights.

If this is transferred, unchecked, into risk selection, then this trend may increase exponentially.

Chair: Nick Reilly

Established: 2024