Auditing a Digital Insurance World
The European Confederation of Institutes of Internal Auditing (ECIIA) recently released the position paper, “Auditing a Digital Insurance World.” The paper explains how AI is transforming the insurance sector by enabling automation, innovation, and risk assessment. It also highlights the ethical and regulatory challenges that AI poses for insurance companies. The text argues that internal audit can play a vital role in providing assurance and advice on how to manage risks and comply with laws related to AI.