Source: The Actuarial Post

The Actuarial Post analyzes the effects of artificial intelligence on professional indemnity insurance. The article discusses how AI-related risks, such as errors caused by AI decision-making or automation failures, are prompting insurers to reconsider coverage terms and exclusions. It highlights challenges in assessing liability and quantifying risks in an AI-driven environment.

The piece explores innovations in insurance products designed to address these new risks and the importance of clear policy language. It also notes the role of actuaries and risk managers in developing models that accurately capture AI-related exposures to ensure sustainable insurance solutions.