Insurance Europe has published its response to a consultation by the European Commission’s High-Level Expert Group (HLEG) on draft guidelines for trustworthy artificial intelligence (AI).
Insurance Europe welcomed the HLEG’s acknowledgement that Europe already has regulation in place that applies to AI. Insurance Europe stressed that the insurance industry is a highly regulated and supervised sector at national and European level. Consequently, a responsible use of trustworthy AI by insurers is already guaranteed.
Moreover, for society to be able to enjoy the benefits of AI, Insurance Europe said it is crucial for the HLEG to ensure that any rules relating to AI design, development and deployment are future-proof and innovation-friendly, and allow European companies to be global competitors.
Finally, Insurance Europe said it would welcome the opportunity to further comment on the final draft guidelines.
Position paper
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