London market should identify Artificial Intelligence risks
Wednesday, 07 25 2018, Category: Technology, Country: United Kingdom
Dawning awareness of the scale and severity of financial risks posed by artificial intelligence (AI) means that, in the next few years, London market underwriters will need to review their policies in a search for hidden AI exposure, according to law firm Clyde & Co.
In much the same way as the market spent several years hunting for hidden – so-called non-affirmative – cyber exposures within non-cyber insurance policies, so the market will likely need to conduct the same exercise for AI, according to the law firm.
Source: Intelligent Insurer