2026-02-26 · Source: Insurance Journal
Summary in 3 Points • 82% of global businesses report positive impacts from artificial intelligence adoption, according to a Gallagher survey • Despite AI benefits, many companies face unclear insurance coverage for AI-related risks and liabilities • Gallagher's survey highlights the need for insurers to clarify AI risk coverage as adoption accelerates --- A recent survey conducted by global insurance brokerage **Gallagher** reveals that 82% of over 1,200 businesses worldwide are experiencing positive impacts from the adoption of **artificial intelligence**. The survey, part of Gallagher's third annual AI Adoption and Risk Survey, highlights the growing reliance on AI technologies across various sectors. However, it also points out a significant gap in understanding insurance coverage related to AI risks, with many companies finding their policies vague or insufficient in addressing AI-specific liabilities. For the **London Insurance Market**, this survey underscores the urgent need for insurers to adapt their offerings to the evolving landscape of **artificial intelligence**. As AI technologies become integral to business operations, the demand for clear and comprehensive insurance solutions that address AI-related risks is likely to increase. Insurers in the London Market must consider how to structure policies that adequately cover the unique challenges posed by AI, ensuring that businesses can confidently leverage these technologies without facing unforeseen liabilities. **Underwriters** and **brokers** should prioritize developing expertise in AI-related risks to offer tailored solutions to clients. This includes understanding the specific ways AI is being implemented across industries and the potential exposures that may arise. **Risk managers** should work closely with insurers to ensure that their coverage aligns with the technological advancements within their organizations. By doing so, they can mitigate potential gaps in coverage and ensure robust protection against AI-related risks.
For the London Insurance Market, this survey underscores the urgent need for insurers to adapt their offerings to the evolving landscape of artificial intelligence. As AI technologies become integral to business operations, the demand for clear and comprehensive insurance solutions that address AI-related risks is likely to increase. Insurers in the London Market must consider how to structure policies that adequately cover the unique challenges posed by AI, ensuring that businesses can confidently leverage these technologies without facing unforeseen liabilities.