Publication
Vietnam: Competition Law Fact Sheet
Overview of the main provisions of the Competition Law, and discussion of the enforcement regime and recent enforcement trends.
Global | Publication | April 2024
The insurance industry is founded on predicting, as accurately as possible, whether or not a risk will materialize in a fast-moving competitive environment. Such predictions are intensively focused on data.
AI promises new insights by analyzing more data points, simultaneously across multiple data sets, leading to automation of complex cognitive processes. However, this comes with risks. Without regulation, AI models can replicate and reinforce bias of the past, with no regard for current social constraints or indeed long-term social cohesion.
For governments to achieve the benefits of AI adoption they need to ensure that society trusts in such AI, through safeguards in design, operation and management of the models, as well as accountability for AI operators when things go wrong.
However, where regulatory approaches diverge across jurisdictions, in practice, international businesses may be forced to respond to the highest standards, regardless of the differing levels of country-specific intervention.
AI is transforming the insurance industry by enabling automation of repetitive tasks and generating insights from large data sets. Some applications by insurers include:
Given the wide range of use cases in which AI can be deployed, governments across the world have sought to articulate clear rules to guide those developing or deploying AI. This piece briefly summarizes the current regulatory state of play in the insurance sector in the EU, Germany, UK, Singapore, US, and Australia.
Publication
Overview of the main provisions of the Competition Law, and discussion of the enforcement regime and recent enforcement trends.
Publication
Artificial intelligence (AI) raises many intellectual property (IP) issues.
Publication
The European Court of Human Rights (ECtHR or the Court) recently ruled in Verein KlimaSeniorinnen Schweiz & Ors v. Switzerland (Application No. 53600/20) that Switzerland had breached the European Convention of Human Rights (the Convention) by not taking sufficient action against climate change. In particular, it found a breach of the right to respect for private and family life contained in Article 8 of the Convention, based on Switzerland’s failure to mitigate the impact of climate change on the lives, health, well-being and quality of life of its citizens. It also ruled that Switzerland had breached the right to a fair trial in terms of Article 6, in that the domestic courts failed to examine the merits of the applicants’ complaints, including the scientific evidence. In this article we consider the key features of this landmark judgment, which has wide ramifications for Member States of the Convention.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023