Yes. AI systems for risk assessment and pricing in life and health insurance are high-risk under Annex III category 5(c).
5 questions answered with specific EU AI Act article references. 98 days until the August 2, 2026 enforcement deadline.
Not sure if your AI system is affected? Take the 5-minute diagnostic.Yes. AI systems for risk assessment and pricing in life and health insurance are high-risk under Annex III category 5(c).
Property and motor insurance AI is not explicitly listed in Annex III 5(c), which covers 'life and health insurance.' However, if the AI system denies access to essential services, it may still be high-risk.
Risk management system, technical documentation, non-discrimination testing (critical for insurance pricing), transparency to policyholders, human oversight for coverage denial decisions, and FRIA.
Yes. AI risk models must comply with both AI Act conformity requirements and Solvency II model validation standards. Dual governance is required.
Only with human oversight and explainability. Automated denial of life/health insurance based solely on AI output likely violates both AI Act Article 14 and GDPR Article 22.
All questions and answers in one document. Free.
No spam. Unsubscribe anytime.