24 February 2023

Insurance Europe: Industry groups call on MEPs to ensure AI Act is risk-based and facilitates innovation in Europe

A group of industry representatives – including Insurance Europe – have published a statement calling on the European Parliament to ensure that its position on the European Commission’s proposed Artificial Intelligence (AI) Act would support innovation and the uptake of the use AI in Europe.

The signatories are concerned that negotiations in the Parliament will deviate from the AI Act’s original proposal and goals to establish a risk-based approach to AI.

Specifically, the signatories urged MEPs to ensure that the AI Act:

• Includes in Annex III only use-cases that are truly high-risk;
• Uses a definition of AI that is recognised by industry, is in line with OECD work, and does not include non-AI tools;
• Maintains the risk-based approach of the original proposal while defining “high-risk” in a way that reflects it;
• Allocates responsibilities properly along the value chain and allows contractual freedom to do so;
• Establishes legal certainty for the extraterritorial application of the Act’s scope and effect on the EU’s international partners;
• Does not overlap or create competing obligations with existing legislation; and
• Avoids uncertainty for further investment, trade, and innovation.

The signatories are:

• European Automobile Manufacturers Association (ACEA)
• The French Alliance of Digital Industries (AFNUM)
• The Software Alliance (BSA)
• BusinessEurope – The Confederation of European Business
• European Association of the Machine Tool Industries and related Manufacturing Technologies (CECIMO)
• EuroCommerce
• Euralarm
• European Garden Machinery Federation (EGMF)
• INFOBALT Lithuania
• Insurance Europe
• Information Technology Industry Council (ITI)
• Latvian Information and Communications Technology Association (LIKTA)
• MedTech Europe
• Federation of Hellenic ICT Enterprises (SEPE)

Insurance Europe

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