Munich Re is enhancing the acceptance of Artificial Intelligence (AI) with its new CertAI validation service, thus paving the way for the responsible use of AI applications. Companies from a variety of industries are currently investing in the development and deployment of AI with the aim of generating promising business opportunities.

However, a lot of people still have doubts regarding the use of this technology in operational processes – and the novel risks associated with AI are fraught with uncertainty. CertAI independently and objectively validates the trustworthiness of AI in new product solutions and demonstrates its quality to clients, investors, and supervisory authorities. Potential use cases can be implemented in the financial sector or in the manufacturing industry, for instance.

CertAI validates fully-fledged AI systems or AI solutions already in productive use. It analyses these solutions on the basis of six different factors – fairness, autonomy and control, transparency, robustness, functional and cyber security, and data protection. For this purpose, Munich Re has pooled its many years of risk expertise in the area of traditional industrial insurance and new technologies with the experience of the Swiss certification company CertX. This start-up company, in which Munich Re has held a majority stake since late 2021, was launched four years ago at the University of Applied Sciences in Freiburg.

Jens Henkner, director of CertX, says: “CertAI supplements our offering, and we, in turn, are contributing our own know-how to it. We look forward to engaging in a long-term partnership which Munich Re has underpinned with its strategic shareholding. Going forward, I am certain that we will be able to explore more global business ideas together that combine certification and insurance.”

Fabian Winter, Munich Re’s Chief Data Officer: “CertAI is a service that will give Munich Re yet another opportunity to contribute its qualified risk perspective to a forward-looking technology at the earliest possible stage and on the broadest scale. CertAI will enable us to address the significantly expanding coverage needs of AI solution providers in the market. At the same time, it will help us to hone our analytical skills in assessing the use of Artificial Intelligence for the insurance risks of tomorrow.”

Fraunhofer Institute for Intelligent Analysis and Information Systems is a further key collaboration partner. As one of the leading research organizations in the fields of Artificial Intelligence, machine learning, and big data in Germany and Europe, Fraunhofer IAIS is a pioneer in the development of AI certification systems. With the "KI-Prüfkatalog", it drafted one of the first sets of AI guidelines enabling companies to operationalize requirements with regard to the trustworthiness of intelligent systems for the development of individualized AI applications.

Dr. Maximilian Poretschkin, Head of KI-Absicherung (AI Assurance) and KI-Zertifizierung (AI Certification) at Fraunhofer IAIS: "The reliability of AI systems has always been an important focus of our work. Here, it is not only important to safeguard AI systems against risks, but also to be able to reliably prove the effectiveness of the safeguarding measures. A major focus of our research is therefore the development of testing methods and tools to independently assess the quality of AI systems. AI testing, as now offered by CertAI, can ensure correct and safe functioning while promoting trust in and acceptance of AI applications. We are very pleased that CertAI is bringing our research results into practice and are very happy to make our expertise available for this purpose."