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The new frontiers of insurance

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, technology, ai and cyber risk

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· François Villeroy de Galhau Wiki · Banque de France WikiThe new frontiers of insurance

ContextSpeech by François Villeroy de Galhau, Governor of the Bank of France and Chairman of the Autorité de contrôle prudentiel et de resolution (ACPR), at the S.M.A.R.T. France Assureurs Event, Paris, 19 December 2024.

Why it mattersThe French governor urges insurers to use data and AI to understand new risks.

Problems raised
  1. Insurers' role is underrecognised.
  2. Risks are poorly understood.
  3. Supervision must be effective.
Solutions proposed
  1. Use data and AI to understand risks.
  2. Strengthen dialogue with the supervisor.
  3. Simplify supervisory action.
Read full speech on bis.org ↗

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