Artificial Intelligence (AI), Internet of Things (IoT) and the Insurance Industry

The presentation raises major questions regarding Artificial Intelligence (AI), Internet of Things (IoT) in the insurance sector such as data protection, legal status of AI and robots, liability issues and risks involved.

Yannis Samothrakis

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Question 1 of 3

Question 1: Is it likely that the financial industry will incur significant costs due to Brexit?

No, Brexit’s impact will likely be negligible for the EU financial industry.

It seems that there will be costs but they will be incurred in areas outside that of the single market.

This is very likely, particularly as far as access to the single market is concerned.

Question 2 of 3

Question 2: The speaker believes that non-passported activities will be less Impacted by Brexit

This is an accurate interpretation of what the speaker says.

No, he argues that Brexit will affect passported and non-passported activities equally.

The speaker does not discuss this issue in his presentation.

Question 3 of 3

Question 3: Non EU based entities trading in the UK and the EU will be most affected by Brexit.

No, the ones which will be most affected by Brexit are UK based entities operating in the EU.

Absolutely correct.

No, the most affected ones will be EU-based entities operating in the UK.

Artificial Intelligence (AI), Internet of Things (IoT) and the Insurance Industry

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