Capture the opportunity to insure AI risks: How do existing and future policies need to change? - ERP Spain.com - España y América Latina

Back in February 2024, Air Canada lost a court case against a passenger when it tried - and failed - to disavow its AI-powered chatbot for giving incorrect information. As many organizations become reliant on AI, this exposes them to a host of risks, including reputational damage, financial loss, compliance challenges, and litigation. In fact, AI was ranked # 1 among Board-identified risks, surpassing Cyber. So how can insurers prepare for arguably the biggest emerging risk of the century? Should the industry stop covering AI related risks? Adapt existing policies? Or will we see a new line of business emerging? For commercial insurers, the race is on to pinpoint the exposure created by AI (especially within Cyber, D&O, E&O, R&W) and create a game-plan for existing - and future - policies. Get your step-by-step guide to the opportunities and challenges around AI risks in this upcoming webinar: - Discuss how existing policies (Cyber, D&O, E&O, Reps & Warranties) need to change to account for the new risks from AI - Understand the tactics insurers can take to protect themselves: Adding specific provisions and limitations, accounting for AI oversight and AI-driven decision-making and determining liability when errors involve both human and AI recommendations - Find out how the risk data should be measured - in underwriting and post-binding - to price and reduce the AI risks - Debate the opportunity for the creation of new AI products to meet policy holders’ needs Speakers: - Paul Larson, President of Specialty Financial Lines, Liberty Mutual Insurance - Logan Payne, SVP, Director, Global Technology Risk Practice, Lockton - George Beattie, Head of Innovation, CFC Underwriting - Matt Van Itallie, CEO, Sema AI This webinar is brought to you in association with SEMA AI. By registering you agree to share your information with this organisation.