EU AI Act may block smaller insurtechs from market entry
Smaller insurtechs in the artificial intelligence sector will be subject to additional regulatory oversight due to the European Union AI Act, which may prevent them from making it into the market, according to Sixfold CEO Alex Schmelkin.
In an interview with Insurance Post, Schmelkin explained that the upcoming regulation will place a regulatory burden on technology providers, rather than just regulated entities such as insurers.
He
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