Industry 'cautiously optimistic' discount rate will be set before NI Assembly dissolves


The Northern Ireland government actuary department will have had less than two months to complete the review of the discount rate before the Assembly dissolves on 25 March, but industry watchers remain “cautiously optimistic” this is achievable.

The Damages (Return on Investment) Act (Northern Ireland) 2022 received Royal Assent on 2 February.

Under the Bill the government actuary department has up to 90 days to carry out a review of the

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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.

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