Factsheet on the regulatory framework applicable to AI systems in the insurance sector

As the AI Act was adopted by the European Parliament and the European Council and published in the Official Journal of the EU on 12 July 2024. 

The use of AI in insurance is already subject to insurance sector regulation and supervision. While the AI Act introduces some additional requirements for providers or deployers of high-risk AI systems, insurance sector legislation continues to apply across all use cases, regardless of their qualification under the AI Act.

In this factsheet EIOPA offers a preliminary high-level overview of the legal framework applicable to AI systems in the insurance sector.