Kitchener, ON, August 31, 2023 – Fairly AI, an award-winning AI Compliance solution provider, announced that the company has joined Guidewire’s Insurtech Vanguards program, an initiative led by property and casualty (P&C) cloud platform provider, Guidewire (NYSE: GWRE), to help insurers learn about the newest insurtechs and how to best leverage them.
“As the insurance industry continues to adopt artificial intelligence solutions at the current pace and scale, it needs to put proper controls and guardrails in place to ensure these solutions are safe and compliant with existing and upcoming regulations,” said Fairly AI Chief Executive Officer and Co-Founder David Van Bruwaene. “Fairly AI is focused on accelerating responsible AI innovation and our collaboration with Guidewire will help to showcase to P&C insurers the use of AI systems for the betterment of society without minimizing innovation.”
Insurtech Vanguards is a community of select startups and technology providers that are bringing novel solutions to the P&C industry. As part of the program, Guidewire provides strategic guidance to and advocates for the participating insurtechs, while connecting them with Guidewire’s P&C customers.
"We're excited to welcome Fairly AI to the Insurtech Vanguards program," said Laura Drabik, Chief Evangelist at Guidewire. "Their comprehensive AI oversight and risk management platform is exactly what the P&C industry needs right now to ensure safe and compliant adoption of AI. We look forward to helping introduce Fairly AI's innovative technology, to help more insurers harness the power of AI while minimizing risk."
About Fairly AI
Fairly AI is on a mission to democratize safe, secure, and compliant AI. The Fairly AI Oversight and Risk Management Platform™ for enterprise and Fairly Asenion™ - the world’s first compliance agent for Generative AI - enables data scientists and policy experts to accelerate AI adoption together while minimizing risks. Fairly's patent-pending technology delivers Fast AI with Assurance, Integrity, and Reliability by seamlessly applying policies and controls to in-house and third-party AI systems. For more information, visit Fairly.ai.
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