Major insurers including AIG, Great American, and WR Berkley are asking U.S. regulators for permission to exclude AI-related liabilities from corporate policies. One underwriter describes the AI models’ outputs to the FT as “too much of a black box.”
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AI is too risky to insure, say people whose job is insuring risk
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This is an interesting perspective on the challenges of insuring AI technology. It’s fascinating to see how the insurance industry is responding to evolving risks. It will be intriguing to follow how this situation develops.
that major insurers are hesitant to take on such a rapidly evolving risk. The unpredictability of AI outcomes certainly complicates traditional risk assessment methods. It will be interesting to see how the industry adapts to these challenges in the future.