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Rules around AI in the insurance industry

Van Stiphout, who in his role as adviser on European and International Affairs at the Association is also Disruptive Technology working group chair within the Global Federation of Insurance Associations (GFIA), spoke at the conference about the role of artificial intelligence (AI) in the insurance sector and how different parts of the world are dealing with supervision and regulation of AI applications in the sector.

 

Jochem van Stiphout during his presentation in Baku

Over de Turkic States

In addition, various initiatives in the field of data sharing and the use of artificial intelligence for handling claims or detecting fraud were presented during the conference. Van Stiphout: "This is a part of the world that you don't hear about every day; That makes it extra interesting to hear more about the technological developments within the insurance sector in these countries and to get to know the people who work in these markets."

The Turkic State Insurtech Summit in Baku

About the Turkic States

The Turkic States is the Cooperation Council of Turkic States (also known as the Organization of Turkish States, OTS). This is an intergovernmental organisation that was established in 2009 to strengthen economic and political cooperation between countries with Turkic languages and cultures.

The founding members are Azerbaijan, Kazakhstan, Kyrgyzstan and Turkey, later joined Uzbekistan and Turkmenistan, Northern Cyprus and Hungary (as observers). Its headquarters are in Istanbul.