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Webinar: Regulation of artificial intelligence in the UK and EU insurance sectors

In this recent webinar our panel took a closer look at developments in the regulation of AI systems in the UK and EU that are directed specifically at the insurance sector. This includes comparing the EU AI Act with the latest information on the PRA and FCA’s approach to AI regulation that will affect the insurance sector value chain. We consider how the insurance sector in the UK and EU could prepare for these new regulations, with a focus on the potential implications for governance arrangements and systems and controls.

Podcast:The Insurtech Series: Episode 3 (with Emma Eaton and Julia Chobanyan)

In the third episode of our Insurtech trends series, Emma Eaton, Senior Associate, and Julia Chobanyan, Associate, discuss developments on the UK Government's proposals for the regulation of AI in the UK and what it might mean for the insurance sector.

Podcast:The Insurtech Series: Episode 2 (with Ashley Prebble, Emma Eaton and Julia Chobanyan)

In the second episode of our Insurtech trends series, Ashley Prebble, Emma Eaton and Julia Chobanyan, discuss the regulatory changes effecting Insurtech in the UK, take a closer look at how AI and regulation by the PRA and FCA is impacting the insurance sector, and touch on regulatory and legal topics related to imbedded insurance.

Insurtech

Safeguarding the use of AI in the Insurance sector

Latest report from EIOPA. The report sets out six governance principles that have been developed by EIOPA's Consultative Expert Group on Digital Ethics in Insurance. The principles cover proportionality, fairness and nondiscrimination, transparency and explainability, human oversight, data governance and recordkeeping and robustness and performance.

Podcast:The Insurtech Series: Episode 1 (with Ashley Prebble, Emma Eaton and Julia Chobanyan)

Introducing our Insurtech trends series, where experts from our global insurance sector team explore themes and issues related to Insurtech. In this episode, Insurtech 101, Ashley Prebble, Emma Eaton and Julia Chobanyan, provide an introduction to Insurtech, covering what it means, the main participants, some of the technology and use cases in the market, and key regulatory themes
Automated profiling and automated decision making in Insurtech
Insurtech

Automated profiling and automated decision making in Insurtech

This Insurtech Taster looks at some of the key issues of such data processing for insurers.

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Compulsory insurance for driverless cars
Insurtech

Compulsory insurance for driverless cars

This Insurtech Taster looks at the outcome of the Government’s response to its consultation on changes needed to the compulsory insurance system to assist with the adoption of the first wave of fully automated vehicles.

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Safeguarding the use of AI in the Insurance sector
Insurtech

Safeguarding the use of AI in the Insurance sector

The automated processing of personal data for the purposes of profiling and automated decision-making both qualify as data processing for the purposes of the GDPR and both activities are therefore subject to the GDPR's general data protection principles. This Insurtech Taster looks at some of the key issues of such data processing for insurers.

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Analysis

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Issues in the German insurtech market

Insurtech is one of the hottest issues for German insurance companies, IT/technology companies searching for opportunities to grow, invest and gain market share, and for private equity and venture capital investors attracted by this fast-growing market. However, players in this market need to understand the frequent changes to the legal and regulatory framework.

 Find out more about Issues in the German insurtech market

Upcoming events

The New US Administration and the Impact on the DLT Sector and Regulatory Environment for Crypto (online, 29 January 2025):

In this 30-minute webinar, Clifford Chance fintech experts in New York, Washington DC, and London - Jesse Overall, Steve Gatti, Cliff Cone and Paul Landless - will discuss the new US administration and the outlook for the DLT sector and the regulatory environment for crypto, together with potential opportunities. This webinar is particularly relevant to banks, asset managers, and professionals within the fintech space. | To register, please complete the online RSVP form

 

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