Post by account_disabled on Dec 21, 2017 5:50:14 GMT -6
Hi,
Every day, our lives more closely resemble the film “Back to the Future”. Granted, our cars are not yet flying, but they are driving autonomously. Our local delivery man is being replaced by a drone. Our home, our car, and even our cities are all going “smart” or are increasingly connected to this “digital world”.
It is great to see these innovations come to life. But with new products also come new risks, and right now they are preventing us from bringing these innovations to a mass market. In July, a self-driving Tesla car was involved in the first fatal crash. Just recently, a drone nearly collided with a passenger aircraft in London, after “months of warnings from aviation officials about the skyrocketing number of near misses between drones and airliners.” In order for us to truly benefit from these new technologies, insurers, policy-makers and technology producers must come together to ensure that liability and risk are properly insured.
In particular, three actions should be taken. First, the liability that comes with AI products should be clearly defined and transparent for all. Second, an internet-enabled network should be set up that allows the sharing of data from connected devices but that doesn’t compromise their security. And third, a globally recognized body should authorize and oversee standards governing the industry.
Let’s start with liability.
It’s clear that products equipped with AI could easily be better and safer than those that aren’t. It’s estimated, for example, that autonomous vehicles will decrease accident rates by 90%, becoming “the greatest health achievement of the century”.
But as these intelligent machines continue to evolve, the question of liability from the accidents they might cause comes into play. Who is liable for an injury caused by an autonomous or artificially intelligent “robot”? Is the owner of the artificially intelligent device still liable if they can no longer control the actions of the device?
Currently, no regulation exists to deliver clear and harmonious (think globally recognized) mechanism of fault for fully automated AI devices. Insurers must therefore work together with technology manufacturers and policy-makers to clearly resolve these gaps in liability ownership. Without clear liability ownership, insurers will be unable to insure individuals, manufacturers or technology designers against these losses.
For More Details: online animated explainer
Every day, our lives more closely resemble the film “Back to the Future”. Granted, our cars are not yet flying, but they are driving autonomously. Our local delivery man is being replaced by a drone. Our home, our car, and even our cities are all going “smart” or are increasingly connected to this “digital world”.
It is great to see these innovations come to life. But with new products also come new risks, and right now they are preventing us from bringing these innovations to a mass market. In July, a self-driving Tesla car was involved in the first fatal crash. Just recently, a drone nearly collided with a passenger aircraft in London, after “months of warnings from aviation officials about the skyrocketing number of near misses between drones and airliners.” In order for us to truly benefit from these new technologies, insurers, policy-makers and technology producers must come together to ensure that liability and risk are properly insured.
In particular, three actions should be taken. First, the liability that comes with AI products should be clearly defined and transparent for all. Second, an internet-enabled network should be set up that allows the sharing of data from connected devices but that doesn’t compromise their security. And third, a globally recognized body should authorize and oversee standards governing the industry.
Let’s start with liability.
It’s clear that products equipped with AI could easily be better and safer than those that aren’t. It’s estimated, for example, that autonomous vehicles will decrease accident rates by 90%, becoming “the greatest health achievement of the century”.
But as these intelligent machines continue to evolve, the question of liability from the accidents they might cause comes into play. Who is liable for an injury caused by an autonomous or artificially intelligent “robot”? Is the owner of the artificially intelligent device still liable if they can no longer control the actions of the device?
Currently, no regulation exists to deliver clear and harmonious (think globally recognized) mechanism of fault for fully automated AI devices. Insurers must therefore work together with technology manufacturers and policy-makers to clearly resolve these gaps in liability ownership. Without clear liability ownership, insurers will be unable to insure individuals, manufacturers or technology designers against these losses.
For More Details: online animated explainer