Insurers redraw playbook as AI risks spawn new cover
New Delhi: Artificial intelligence insurance is emerging as the insurance industry’s next standalone category as insurers begin to view AI much as they viewed cyber
New Delhi: Artificial intelligence insurance is emerging as the insurance industry’s next standalone category as insurers begin to view AI much as they viewed cyber risk a decade ago.Tata AIG General Insurance, SBI General Insurance and Prudent Insurance Brokers told ET the industry has reached an inflection point as enterprises rapidly adopt AI, with insurers already embedding AI-specific risk assessments into existing covers.While standalone