Artificial intelligence (AI) models used for pension allocation and annuity pricing should be included as high-risk applications under the European Union’s AI Act, the Actuarial Association of Europe (AAE) has stated.

In its response to the European Commission's Targeted stakeholder consultation on the classification of AI systems as high-risk, the AAE argued for Annex III of the act to be amended to “better reflect” the varied and evolving AI use cases in insurance and financial services




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Podcast: Stepping up to the challenge
In the latest European Pensions podcast, Natalie Tuck talks to PensionsEurope chair, Jerry Moriarty, about his new role and the European pension policy agenda

Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows