Artificial Intelligence Act: The Insurance Fallout
22 January 2024 | 9:00-12:30 CET
Not many legislations are as controversial as the impending EU Artificial Intelligence Act, which will regulate the usage of Machine Learning and Deep Learning methods within the European Union’s economic area.
While it can be argued that adoption of AI methods and processes has been slow in the insurance business, current wording suggests that many common practices not previously considered “AI” might be subject of regulation as well. Although not all details are clear, there are some areas where there will be consequences as well as an urgent need for action with respect to the actuarial practice.
The purpose of this session is to introduce the relevant aspects of regulation, timelines and consequences with respect to the actuarial practice. Starting from the study of relevant articles of the AI Act draft, we will develop an understanding of the impending consequences and likely interpretations of the legal framework. The seminar is structured as follows:
Contents and objects of regulation
Actuarial relevance
Example cases
Implementation advice
Outlook and discussion
Kindly take note: This session is intended as information seminar; no legal counselling will take place.
Your early-bird registration fee is € 150.00 plus 19% VAT for bookings by 11 December 2023. After this date, the fee will be € 205.00 plus 19% VAT.
