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AI

12.08.2024 By Jonas Reinhardt and Marina Žagar

Creating trust, ensuring compliance: AI governance as a success factor

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The rapid development of artificial intelligence (AI) opens up new opportunities for companies, but also presents them with regulatory and ethical challenges. Our AI Governance Check helps companies to meet the complex requirements of the AI Regulation (EUKIVO) and other standards, minimise risks and strengthen stakeholder trust. We show how this works in our blog post.

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Industries

At the end of February 2024, the International Association of Standardisation Organisations (IAF/ISO) decided to include the aspect of climate change and climate adaptation as a mandatory addition to the existing standard requirements in chapters 4.1 and 4.2. This blog post presents topics that may become relevant for companies in this context.

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Methodology

14.02.2024 By Mohammad Qasem

An introduction to the EU Data Act

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European legislators have imposed strict regulation on the digital space in recent years. In addition to the much-discussed EU IoT Act, other important regulations such as the Data Governance Act and the Data Act have come into force. The Data Act in particular has attracted special attention due to its impact on IoT device manufacturers, service providers and start-ups. The Data Act, which entered into force on 11 January 2024, will apply from September 2025. In my blog post, I discuss its objectives, effects and requirements for all stakeholders.

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AI

The Artificial Intelligence Act (AI Act) was finalised at the end of 2023 after intensive negotiations between the European Parliament and the European Council. The debates were characterised by talks on the definition of AI and the categorisation of systems into risk classes. Numerous details were clarified, in particular regarding unacceptable risk (highest risk level) AI systems and high-risk AI systems. National interests and the development of certain technologies played an important role, such as the ban on real-time biometric identification in public spaces and the use of foundation models or generative AI. I will show you in this blog post what the EU AI Act looks like in detail.

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Industries

Working on and supporting projects in the life sciences sector means dealing with a whole host of regulatory requirements. In this blog post, I will provide an overview of which standards, regulations, laws and guidelines might be involved and what impact they have on project management.

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AI

The European Union’s proposed AI Act will make working with artificial intelligence (AI) on a daily basis even more complex. Some potential AI applications might end up on a blacklist, while others remain untouched, but in a way, both applications use the same technology. It feels like AI roulette. The entire situation is poised to cause doubts during the idea phase of potential AI applications – namely, is my AI idea allowed? This is a question that crops up a lot at the moment.

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Industries

12.07.2023 By Tobias Dieter

DORA et labora

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The new EU regulation to strengthen digital operational resilience aimed at financial entities – also known as DORA – has been in force since 17 July 2023, though firms will be given a two-year window to comply with its rules. This new regulation places heavy demands on many companies. In my blog post, I will explain which companies are affected and what they have to do now.

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Industries

15.06.2023 By Stefan Rogge and Svenja Schröder

Sustainability regulations

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Regulations require a great deal of time and effort, but at the end of the day, how can companies generate added value from their hard work? In this blog post, we will explore how regulatory changes are not only an obligation, but can also be an opportunity for insurance companies to take a leading role in shaping a sustainable future.

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Industries

Legally binding regulations and reporting obligations mean that financial service providers should contribute to developing the economy in an ecological and sustainable way, as well as usher in the new era of sustainable finance. The EU taxonomy, as a common classification system, is designed to help incentivise investors to make sustainable investments and support the shift towards a sustainable economy. In this blog post, I will briefly describe what this actually means and what needs to be taken into account.

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