EEA Web Session: Artificial Intelligence Act - The Insurance Fallout
Announcement from the EEA organiser:
Not many legislations are as controversial as the impending EU Artificial Intelligence Act, that 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 also many common practices not previously considered “AI” might be subject of regulation as well or at least come under scrutiny. 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
Click here to make a reservation. Your early-bird registration fee is € 240.00 (net) / € 285.60 (incl. VAT, if applicable) for bookings by 1 October 2024. After this date, the fee will be € 325.00 (net) / € 386.75 (incl. VAT, if applicable).
Click here (Note: timing via that link is in CEST [Central European Summer Time].)
Prof. Dr. Fabian Transchel
Fabian is a professor for Data Science at the Harz University of Applied Sciences, Department AI, where his research focus is Insurance and Finance, most notably motor telematics and pricing. He is active in the development of the new Actuarial Data Science subjects at the German Actuarial Association (DAV) and a lecturer for the German Actuarial Academy (DAA).