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News

Insurance Times
insurancetimes.co.uk > news > cyber-policy-wordings-have-potential-to-provide-unintended-ai-cover-iua > 1459430.article

Cyber policy wordings have potential to provide unintended AI cover – IUA

3+ week, 3+ day ago   (1202+ words) Although believing that artificial intelligence is ‘an insurable exposure’, explicit coverage is still hard to find as use cases around the technology continue to evolve and differ vastly between businesses, says underwriting director Common clauses cited within cyber insurance policies…...

Insurance Times
insurancetimes.co.uk > news > industry-veteran-secures-50m-capacity-for-new-mga > 1459440.article

Industry veteran secures £50m capacity for new MGA

3+ week, 3+ day ago   (409+ words) ‘Securing £50m of capacity and underwriting authority is an important milestone,’ says chief executive New MGA Ragado has secured £50m of capacity and delegated underwriting authority through a five-year agreement with Accelerant, Insurance Times can reveal. Read: MGAs offer alternative channel as…...

Insurance Times
insurancetimes.co.uk > news > aviva-swerves-any-big-proclamations-around-redundancies-as-it-continues-ai-investment > 1459403.article

Aviva swerves any ‘big proclamations’ around redundancies as it continues AI investment

3+ week, 6+ day ago   (718+ words) UKGI chief executive acknowledges that AI is ‘changing our business’, with staff headcount just one of many considerations the insurer is working through as part of its ongoing AI adoption Jason Storah, chief executive of Aviva’s UK and Ireland general…...