The EU-US Insurance Dialogue Project (“Project”) began in early 2012 as an initiative by the European Commission, the European Insurance and Occupational Pensions Authority (EIOPA), the Federal Insurance Office (FIO) of the US Department of the Treasury, and the National Association of Insurance Commissioners (NAIC) to enhance mutual understanding and cooperation between the EU and the US for the benefit of insurance consumers, business opportunity and effective supervision. In 2018, the Project’s members began focusing on the use of (1) big data and AI in insurance, (2) cybersecurity risk, and (3) the cyber insurance market. On October 19, 2021, the Project’s Steering Committee hosted a webinar that provided an update on these issues in the EU and the US. What follows are highlights of information presented at the webinar and the written summary reports of each of the three working groups.
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