2026-08-27 · Source: Commercial Risk
Summary in 3 Points • Aon warns that most companies lack proper AI governance policies • AI adoption is increasing in both scale and scope • The absence of governance raises concerns about AI management --- Aon has highlighted a significant gap in AI governance among companies, noting that the majority have not established the necessary policies and risk assessments to manage AI technology effectively. This warning comes amid a backdrop of increasing AI adoption, both in terms of scale and the range of applications. The lack of governance structures is raising concerns about how well companies can manage the risks associated with AI, which is becoming an integral part of many business operations.
The lack of AI governance could present both challenges and opportunities for the London insurance market. Underwriters may face increased exposure due to poorly managed AI risks, necessitating more stringent policy wording and risk assessments. Conversely, there may be opportunities to develop new insurance products tailored to cover AI-related risks. Brokers and risk managers might also need to advise clients on implementing strong AI governance frameworks to mitigate potential liabilities.