2026-07-22 · Source: Insurance News Australia
Summary in 3 Points • Insurers' exposure to agentic AI is growing rapidly, risking costly ambiguity similar to early cyber insurance • Artificial Intelligence Underwriting Company study highlights unpriced threats from developing AI technologies • Insurtech Cover Genius secures major capital raise, discussed in INsight podcast --- A recent episode of the **INsight podcast** hosted by Insurance News MD Andrew Silcox delves into the growing risks associated with agentic **artificial intelligence**. The discussion, featuring editor-in-chief John Deex and senior journalists Bernice Han and Miranda Maxwell, highlights findings from a study by the San Francisco-based **Artificial Intelligence Underwriting Company**. The study warns that insurers' exposure to rapidly developing AI technologies is expanding quickly, posing unpriced and invisible threats that could lead to costly ambiguities akin to those experienced in the early days of **cyber insurance**. Additionally, the podcast covers topics such as a transgender customer's complaints against her insurer and a significant capital raise by insurtech **Cover Genius**. For the **London Insurance Market**, the rapid growth of exposure to agentic **AI** technologies presents a direct challenge to underwriting practices, particularly in specialty lines such as **technology liability** and **cyber insurance**. With London being a global leader in these areas, the findings from the **Artificial Intelligence Underwriting Company** study should prompt immediate attention from **Lloyd's syndicates** and other market participants. The potential for unpriced risks could necessitate the development of new policy wordings and risk assessment frameworks to avoid the pitfalls of ambiguity that previously impacted the cyber insurance market. **Underwriters** and **brokers** in the London Market should prioritise understanding the implications of agentic **artificial intelligence** on existing and future policies. This involves closely monitoring developments in AI technology and collaborating with experts to refine risk models and coverage terms. Additionally, the capital raise by **Cover Genius** signals a growing interest in innovative insurtech solutions, which could offer new tools and platforms for managing emerging AI-related risks. **Risk managers** should consider integrating these technologies into their strategies to enhance risk assessment and mitigation capabilities.
For the London Insurance Market, the rapid growth of exposure to agentic AI technologies presents a direct challenge to underwriting practices, particularly in specialty lines such as technology liability and cyber insurance. With London being a global leader in these areas, the findings from the Artificial Intelligence Underwriting Company study should prompt immediate attention from Lloyd's syndicates and other market participants. The potential for unpriced risks could necessitate the development of new policy wordings and risk assessment frameworks to avoid the pitfalls of ambiguity that previously impacted the cyber insurance market.