The Slovenia Insurance Supervision Agency published an event note on the inaugural CORA Strategic Summit held in Zagreb from 20 to 24 October, which brought together regulators from more than 20 countries alongside technology providers and consultancies. The summit focused on how regulatory technology, including artificial intelligence, could support regulatory oversight through improved analytics and automation and help insurers, financial institutions and supervisors meet regulatory requirements more effectively. Key sessions highlighted a perceived gap between rapid technological change and slower, fragmented regulatory systems, and explored “forward-looking regulation” using distributed AI architectures for systemic risk oversight. The organiser, Compliant Risk Technology, presented a test version of an offline platform using AI and machine learning to make supervisory analytics more predictive, including earlier detection of patterns and anomalies, integration of multiple data sources with advanced analytics, and automation of parts of supervision and regulatory processes. Organisers plan to repeat the summit to strengthen the cooperation network and develop concrete starting points for standardising technology solutions in line with regulatory requirements, with participants invited to join working groups.

Original source View in tracker