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EU insurance sector gets guidance on AI governance, risk management

( August 7, 2025, 07:47 GMT | Official Statement) -- MLex Summary: The European Insurance and Occupational Pensions Authority has issued an opinion to guide national supervisors on AI use in the insurance sector, clarifying how existing sectoral legislation aligns with the EU AI Act. It offers guidance on interpreting provisions under frameworks such as the Insurance Distribution Directive and Solvency II, while clarifying existing governance and risk-management principles. Eiopa's opinion remains flexible to accommodate different AI systems, and further guidance on AI systems or emerging issues related to their use in insurance is expected.Press release follows. Opinion attached....

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