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AI Policy Generator

ESWhat applies

Insurance

Insurers use AI to price, underwrite, handle claims and detect fraud, with a direct impact on access to life and health coverage. The EU classifies life and health insurance pricing as high-risk, and supervisors such as EIOPA, Peru's SBS and New York's regulator already expect data governance, explainability and discrimination testing.

Relevant sector rules

EU: risk assessment and pricing for life and health insurance are high-risk from Dec 2, 2027 and require a FRIA; EIOPA's August 2025 Opinion expects data governance, record-keeping, fairness, explainability and human oversight built into risk management. Spain: GDPR and DGSFP supervision. Peru: the SBS model risk regulation covers insurers from Jan 1, 2026. US: the NAIC model bulletin on AI (adopted by many states), NYDFS Circular Letter No. 7 (2024) on AI in underwriting and pricing, and in Colorado SB 21-169 and its life insurance regulation; Colorado SB 26-189 treats insurance as a consequential decision from Jan 1, 2027. Ecuador, Colombia, Mexico, Chile, Argentina and Brazil: no AI-specific insurance rule; data protection laws apply.

Typical AI uses

Sector regulators

European Union
Spain
Ecuador
Colombia
Peru
Mexico
Chile
Argentina
Brazil
United States (federal)
Colorado
New York (incl. NYC)

Related base documents

Related kits

Includes 7 documents

Credit and Insurance Kit

Model risk with inventory and materiality, adverse-decision explanation letters, human review, a decision log, technical model documentation and the EU AI Act Art. 26 checklist for high-risk systems.

USD 139USD 253

Complete kit · available to buy

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