Checks / AI and insurance
AI and insurance
AI and insurance compliance checks
What insurers need to see about your AI: fair presentation under the Insurance Act 2015, warranties, AI exclusions, the EU AI Act's high-risk insurance pricing rules, EIOPA's 2025 AI Opinion and FCA pricing rules.
14 controls, each a live check with a tamper-evident receipt. Run the whole framework at once from any AI assistant with sebbi_run_framework and framework=aiinsurance.
- Insurance Act 2015 s.3 - AI use disclosed to insurers in a fair presentation
- Insurance Act 2015 s.3 - record kept of what was disclosed and when
- Insurance Act 2015 s.10 - warranties about AI controls are being met
- Insurance Act 2015 s.11 - evidence links each AI control to the loss it guards against
- Policy wording - checked for AI exclusions and silent AI cover
- Policy cover - cyber, PI and product liability policies cover AI losses
- Claims notification - AI incident reporting meets policy deadlines
- Third Parties (Rights against Insurers) Act 2010 - policy details retrievable
- EU AI Act Annex III 5(c) - life and health insurance pricing AI classed high-risk
- EIOPA AI Opinion 2025 - insurance AI has record-keeping and human oversight
- EIOPA AI Opinion 2025 - pricing and underwriting AI explainable to customers
- FCA ICOBS 6B - renewal price no higher than the equivalent new-customer price
- FCA Consumer Duty - AI pricing tested and evidenced as fair value
- Underwriter evidence - sealed AI decision records available to insurers