Checks / Obligations / Be honest with your insurers
Obligation · 12 controls · 2 laws
Be honest with your insurers
Insurers must be told how AI is used, controls must map to the losses they prevent, and incidents reported on time.
What to put in place
Disclose AI use to your insurer, map each control to the loss it guards against and keep a claims notification procedure.
Policy wording you can use
[your organisation] discloses its use of AI to its insurers in a fair presentation of the risk, maps each AI control to the loss it guards against, and notifies AI incidents within policy deadlines.
Prove it once
Describe or link the evidence that this is in place: the policy, the page, the document reference. It is sealed once and applied to all 12 controls here that take a yes or a document (the rest need their own number or date and are listed after).
Every control that asks for this
AI and insurance
- 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
- 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 Consumer Duty - AI pricing tested and evidenced as fair value
- Underwriter evidence - sealed AI decision records available to insurers