Models that calculate premiums, accept or decline risks or adjust coverage based on personal data. For life and health insurance it is high-risk in the EU, and several US regulators require governance and discrimination testing.
We only list countries where an obligation in force or adopted mentions this use case.
| Jurisdiction | Level | Date | Note |
|---|---|---|---|
| European Union | High risk | December 2, 2027 | Annex III(5)(c): risk assessment and pricing for life and health insurance; FRIA required. |
| Spain | Data protection | — | GDPR Art. 22 if the decision is solely automated; DGSFP supervision. |
| Peru | Sector rules | January 1, 2026 | The SBS model risk regulation covers insurers; the AI regulation applies through its general clause. |
| Ecuador | Data protection | March 10, 2026 | SPDP general rule on AI and impact assessment for profiling with legal effects. |
| Colorado | Sector rules | — | SB 21-169 and its life insurance regulation: governance framework and discrimination testing when using external data and algorithms. |
| Colorado | Consequential decision | January 1, 2027 | SB 26-189: insurance is a consequential decision. |
| New York (incl. NYC) | Sector rules | — | NYDFS Circular Letter No. 7 (2024) on AI and external data in underwriting and pricing (supervisory guidance). |
| Brazil | Minimal risk or no specific regime | — | Bill PL 2338 would treat it as high-risk; the LGPD applies today. |
Policy · USD 59 · Available to buy
Datasheet · USD 19 · Available to buy
Report · USD 59 · Available to buy
Procedure · USD 39 · Available to buy
Procedure · USD 39 · Available to buy
Policy · USD 39 · Available to buy
Includes 7 documents
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.
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Complete kit · available to buy