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European insurers face rising costs and regulatory challenges with AI governance: Fitch Ratings

Summary by ReinsuranceNe.ws
Fitch Ratings, a global credit rating agency, reports that the European insurance sector will face rising regulatory challenges and associated costs as the European Insurance and Occupational Pensions Authority (EIOPA) embarks on a public consultation to refine AI governance and risk management practices. Launched on 12 February 2025, the consultation will be pivotal in shaping how insurance regulators interpret and enforce provisions within the…
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European insurers face rising costs and regulatory challenges with AI governance: Fitch Ratings

Fitch Ratings, a global credit rating agency, reports that the European insurance sector will face rising regulatory challenges and associated costs as the European Insurance and Occupational Pensions Authority (EIOPA) embarks on a public consultation to refine AI governance and risk management practices. Launched on 12 February 2025, the consultation will be pivotal in shaping how insurance regulators interpret and enforce provisions within the…

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ReinsuranceNe.ws broke the news in on Friday, February 21, 2025.
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