Large losses likely before AI becomes stand-alone insurance class
Artificial intelligence needs to be better defined by insurance companies – and a few large associated losses are likely to be absorbed within existing product lines – before it is underwritten as a stand-alone class of business.
That was the view of Dan Pasmore, a senior underwriter at MGA Trium Cyber, speaking at the Insurance Post Claims and Underwriting Club yesterday.
He told delegates: “Initially you would have to be
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