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 topic is an overview of the consequences and requirements of the Artificial Intelligence Act with regards to the actuarial practice. As such, basic understanding of actuarial conduct and focus areas will be beneficial, but no in-depth knowledge of Artificial Intelligence is required.
On 31 March 2025, our session ‘AI Act: The Insurance Fallout-Use-Cases & Exemplary Implementations’ aims to provide use-cases and exemplary implementation approaches as well as impact assessments for practitioners.

Technical Requirements
Please check with your IT department if your firewall and computer settings support web session participation (the programme Zoom is used for this online training). Please also make sure that you are joining the web session with a stable internet connection.

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:

1. Contents and objects of regulation
2. Actuarial relevance
3. Example cases
4. Implementation advice
5. Outlook and discussion

Kindly take note: This session is intended as information seminar; no legal counselling will take place.

The language of the web session will be English.

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).