AI is too risky to insure, say people whose job is insuring risk
Market Intelligence Analysis
AI-PoweredMajor insurers are seeking regulatory approval to exclude AI-related liabilities from their policies, citing the unpredictable nature of AI models as a significant risk. This move reflects growing concerns about the insurability of AI technologies and their potential impact on the insurance market.
Market impact analysis based on bearish sentiment with 78% confidence.
Article Context
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."
Analysis and insights provided by AnalystMarkets AI.