High-Risk AI System
AI Act (Regulation (EU) 2024/1689) · Article 6, Annex III
AI-Act
high-risk-AI
credit-scoring
insurance
Definition
An AI system classified as high-risk under the EU AI Act because it falls within one of the use cases listed in Annex III or is a safety component of a product covered by Annex I. High-risk AI systems must comply with requirements on risk management (Article 9), data governance (Article 10), technical documentation (Article 11), record-keeping (Article 12), transparency (Article 13), human oversight (Article 14), and accuracy, robustness, and cybersecurity (Article 15). In financial services, high-risk AI systems include those used for creditworthiness assessment and credit scoring (Annex III point 5(b)) and insurance risk assessment and pricing for life and health insurance (Annex III point 5(a)). Fraud detection AI is explicitly excluded from the high-risk classification.
Related Terms
AI Act
EU Artificial Intelligence Act — Regulation (EU) 2024/1689, the world's first comprehensive legal framework for artificial intelligence.
AI Act Risk ClassificationAI Act Risk Classification
IORPInstitution for Occupational Retirement Provision — An institution which operates on a funded basis and is established separately from any sponsoring undertaking or trade for the purpose of providing retirement benefits in the context of an occupational activity.
Have a question about High-Risk AI System?
Ask Argus and get a cited answer grounded in the actual regulatory text.
Try Free →