EIOPA's regulatory framework factsheet covers AI systems in insurance. Softermii has the compliance guide for insurance and fintech. RiscLens published their AI Act compliance overview for insurance. Reply covers banks and insurance together. All content. Zero documentation tools. If your system evaluates risk for life insurance, health insurance, or sets insurance premiums using AI, it falls under Annex III, point 5(b). Article 11 requires Annex IV documentation. AICheck generates twelve documents in 45 minutes. €249.
€249 one-time payment per system · 12 PDF documents in ZIP · 45 minutes · 100% in your browser
Annex III.5(b) classifies AI systems for risk assessment and pricing in life and health insurance as high-risk. EIOPA has published a regulatory framework factsheet. The sector authority is active.
No tool in the SERP generates Annex IV documentation for insurance AI. All content, zero tools. AICheck fills the gap.
You don't need to document 10 systems at once. This is the recommended workflow for companies with multiple high-risk AI systems.
Article 3(1) defines AI systems broadly. If your risk assessment model uses machine learning, neural networks, or statistical inference that goes beyond traditional deterministic actuarial tables, it may qualify as an AI system. A gradient-boosted model that predicts claim probability is AI. A lookup table based on age and postcode is not.
EIOPA has published a factsheet and is actively developing guidance. But the Annex IV documentation obligation comes from the Regulation directly — not from EIOPA guidance. The nine points of Annex IV are directly applicable. You do not need to wait for sector-specific interpretations to start documenting.
Annex III.5(b) specifically covers life and health insurance risk assessment and pricing. Property and casualty insurance is NOT explicitly listed in Annex III.5(b). However, if your property insurance system assesses creditworthiness (Art. III.5(a)) or if future amendments expand the scope, verify with the checker.
Each AICheck licence generates a ZIP with 12 PDF documents for one AI system. For 10 systems you need 10 licences and obtain 120 documents in total.
Art. 6 + Anexo III.
Art. 11 + Anexo IV.
Art. 47 + Anexo V.
Art. 111.
Executive summary.
Art. 17.
Art. 13.
Per Annex IV point.
Art. 73.
Art. 4.
Chapter III.
Art. 9.
Generated in your browser. No data leaves your device.
Generates the technical documentation for each system under Art. 11 and Annex IV of Regulation (EU) 2024/1689. Structures the 9 points of Annex IV individually per system. 12 PDF documents per system.
Does not audit your systems. Does not evaluate whether your training data is adequate. Does not validate that your model performs correctly. That is your responsibility and, if needed, that of a notified body under Art. 43.
AICheck solves Layer 1 so your team can focus on Layer 2. At €249 per system, documentation stops being the bottleneck.
Article 99 of Regulation (EU) 2024/1689.
Art. 99.3. Up to €35 million or 7% of worldwide annual turnover, whichever is higher. For SMEs: the lower of the two.
Art. 99.4. Includes failure to produce technical documentation per Art. 11 and Annex IV.
Art. 99.5.
| Alternative | Cost | What you get |
|---|---|---|
| Big Four consultancy | €15,000–€50,000 | Full audit + documentation. 4–8 months. |
| EIOPA factsheet | Free | Explanation. No documentation. |
| VerityAI / RiscLens content | £0 | Guides. No files. |
| AICheck × 10 systems | €249 | 120 documents, 1 week, no consultancy |
If your company has an extensive AI system portfolio, we offer Volume Packs with discounts from 10 licences. Write to hello@solidwaretools.com and we'll send you a proposal within one business day.
Request Volume PricingAICheck generates a document structured under Article 11 and Annex IV of Regulation (EU) 2024/1689 based on the information you enter. The truthfulness, accuracy and completeness of that information is your responsibility as provider of the AI system.
We guarantee that the document structure follows Article 11 and Annex IV of Regulation (EU) 2024/1689 and that the legal references cited are correct as of the latest verification date. We do not guarantee that a specific document will be accepted by a market surveillance authority in a specific case, nor by a commercial buyer in a procurement process.
AICheck is not legal advice. For specific situations, consult a lawyer or specialised regulatory consultancy.
Regulation (EU) 2024/1689 does not wait. Each high-risk system needs 12 documents under Annex IV. AICheck generates them in 45 minutes per system, 100% in your browser, with no data leaving your device.