Icon

Directory

IconAccounting & Tax
IconActuaries
IconAdministrators
IconAppraisers & Valuers
IconArbitration Services
IconASIB
IconAssessors & Loss Adjusters
IconAssist and Lifestyle Benefits
IconAssociations & Institutes
IconAuditors
IconBBBEE Consulting and Verification Agencies
IconBroker Acquisition Financing
IconBrokers for Brokers
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCall Centre Outsourcing & Sales
IconCompany Secretarial Services
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconDefensive Driver Training
IconEducation and Training
IconEmergency Medical Rescue
IconFAIS
IconFire, Storm, Flood Damage Specialists
IconForensic Investigation Services
IconHuman Resources
IconIndustrial Cleaners
IconInformation Technology and Software Partners
IconInsurance Companies
IconLegal
IconLightning Damage & Surge Protection Specialists
IconNiche Insurance Products
IconOmbud
IconOutbound Sales
IconOutsourcing Companies
IconPolicy Administration
IconPremium Financing
IconPublic Loss Adjustors
IconPublications
IconRating Agencies
IconReference Books & Material
IconRegulatory Authorities
IconRisk Finance
IconRisk Management
IconRisk Surveyors
IconSalvage Operators
IconSpecialized Claims Investigations & Assessing
IconSurveys and Research
IconTraining Courses & Workshops
IconUnderwriting Managers
IconVehicle Accident Management
IconVehicle and Household Risk Inspection Services
IconVehicle Tracking
IconWellness Programs
IconWholesale Brokers
IconZZZZZZ
Image
  Subscribe To »

European Commission’s approach to artificial intelligence (AI)

Published

2018

Mon

11

Jun

 

 

 

 

Patrick Bracher, Director
Norton Rose Fulbright South Africa Inc.
 

 

 

 

The European Commission has labelled AI as one of the most strategic technologies of the 21st Century (so far of course) and has proposed a three-pronged approach to EU members which is worth considering:

  1. Investment in AI research and innovation must be increased. The EU (public and private sectors) is boosting investment by at least Euro 20 billion between now and the end of 2020.
  2. Because many jobs will be created but others will disappear and most will be transformed, everyone is encouraged to modernise their education and training systems and support labour market transitions. This should include strengthened support for training in advanced digital skills, including AI-specific expertise.
  3. Artificial intelligence will raise new ethical and legal questions, related to liability and potentially biased decision-making. The new technologies should not mean new values. Ethical guidelines must be developed based on fundamental rights (such as those in our own Bill of Rights). 
 
Source: Norton Rose Fulbright South Africa Inc.
 
« Back to previous page Print this page » |
 

Breaking News »

Fast-changing Arctic and North Atlantic conditions bring route risks

Climate change is impacting ice hazards for shipping, freeing up new trade routes in some areas, while increasing the risk of ice in others.   There was another milestone for Arctic shipping ...
Read More »

  

Damage arising from marijuana operations not covered by policy (US)

  Sandra Sithole, Director Norton Rose Fulbright South Africa Inc.     A US appeals court in August 2018 found that an insurer does not have to indemnify its insured ...
Read More »

  

Associated Compliance Newsletter 068 – August 2018

The August 2018 Associated Compliance Newsletter has been published in the Insurance Gateway® Knowledge Base. The compliance landscape has become increasingly time consuming and complex to navigate. It will ...
Read More »

  

SAIA Consumer Education initiative recognised as ‘best practice’

Johannesburg: In its latest infographic on “The importance of financial education in promoting financial inclusion”, the Belgium based Global Federation of Insurance Associations (GFIA) commended the ...
Read More »

 

More News »

Image

Healthcare »

Image

Investment »

Image

Life »

Image

Retirement »

Image
Image
Image
Image
Image
Image
Image
Image
Image
Image
Image
Advertise Here

From The Glossary »

Icon

Creditworthiness (Credit Risk/Issuer Risk):

The creditworthiness of fixed interest investments indicates the ability of an issuer to repay the interest and capital of their debt. The more credit risk an investor takes, the higher the performance that can be demanded.
More Definitions »

 
 
By using this website you agree to the Terms of Use.
Copyright © Stoker Risk & ICT (Pty) Ltd 2004 - 2018.
All Rights Reserved.
Icon

Advertise

  Icon

eZine

  Icon

Contact IG

Icon

Media Pack

  Icon

RSS Feeds