AI in Insurance: A New Regulatory Focus
AI in Insurance: A New Regulatory Focus
28 April 2023
Artificial intelligence (AI) is increasingly used in different areas of insurance business, including underwriting, sales and claims handling. While it is capable of providing many benefits to insurers and customers, it gives rise to a number of important regulatory concerns, in particular in relation to governance and potential discriminatory practices. Insurance regulators have started to address such concerns through guidelines that may state high-level principles or set out specific obligations in relation to the development and use of AI applications. The seminar will consider this emerging area of regulation based on practical examples and regulatory circulars issued in key jurisdictions.
About the Speaker:
Jan Buschmann is an international counsel based in the Hong Kong office of the international law firm Debevoise & Plimpton. He has advised on insurance transactions and regulation since qualifying as a solicitor more than 12 years ago. Jan is admitted to practice in Hong Kong and England & Wales and holds law degrees from the University of Cologne, the University of Paris I (Panthéon-Sorbonne) and the University of London, as well as a doctorate in law from the University of Bonn. He is also a member of the Hong Kong Law Society’s Insurance Law Committee.
Chair: Gary Meggitt, Associate Professor, Faculty of Law, The University of Hong Kong
Enquiries: Flora Leung at aiiflhku@hku.hk