AI in credit scoring, insurance and benefits: from obligation to evidence
AI that decides whether someone gets a loan, insurance, benefit or emergency assistance is high-risk AI under the EU AI Act. Anyone deciding this way must be able to show the system is fair, explainable and under human oversight. We make that evidence review-ready.
Detail per situation
Creditworthiness and credit scoring
AI that assesses creditworthiness or builds credit scores co-decides access to finance. We test for bias, explainability and human oversight and record the evidence.
Risk assessment and pricing in insurance
AI for risk assessment and pricing of life and health insurance is high-risk. We make the behaviour and outcomes explainable and review-ready for customers and regulators.
Frequently asked questions
Does our scoring model really count as high-risk AI?
If the model co-decides access to an essential service such as credit, insurance or benefits, it falls under Annex III point 5. In the risk check we determine this per system and record the rationale.
What does the evidence pack concretely deliver?
A dossier that holds up with customers, auditors and regulators: classification, bias and explainability testing, human oversight setup and the rationale per obligation. Review-ready and updatable yearly.
Sources and status
The legal background and sources for this topic live on Responsible AI Platform, the knowledge layer on the EU AI Act.
Read the background on Responsible AI Platform