Governance, business and AI teams need to work side-by-side to embed appropriate processes within the emerging use cases, which can often save significant work later.

The EU AI Act is a complex piece of legislation and will be a significant challenge to construct the frameworks needed. Success will not only rely on the quality of data and models used and good governance, but also by adopting an approach to the new law that is proportionate and builds confidence to enable businesses to make the most of future AI opportunities. 

Chris Halliday is global proposition leader for personal lines pricing, product, claims and underwriting at WTW ICT; and James Clark is a partner in the data protection, privacy and cyber security group at DLA Piper