2026-09-17 · Source: Insurance Journal
Summary in 3 Points • Beazley confirms affirmative artificial intelligence cover in cyber and tech E&O policies to address AI-related risks • CFC upgrades financial institutions suite with full Cyber Proactive Response policy and affirmative AI cover • CFC's FI products now include blended solutions with proactive risk management tools and unlimited reinstatements --- Beazley has confirmed the inclusion of affirmative **artificial intelligence** cover in its cyber and tech errors and omissions (E&O) policies, effective from 17 September. This development aims to provide clarity and certainty for clients by explicitly addressing AI-related risks within existing cyber cover. Alessandro Lezzi, Beazley's Group Head of Cyber Risks, emphasised the importance of clear policy language amid widespread uncertainty about AI's impact on business. Meanwhile, CFC has announced enhancements to its financial institutions (FI) suite, incorporating its full Cyber Proactive Response (CPR) policy and affirmative AI cover. This upgrade is part of CFC's broader strategy to integrate affirmative AI coverage across its portfolio, ensuring explicit policy language for AI-related cyber threats. For the **London Insurance Market**, these developments highlight the growing importance of addressing **AI-related risks** within cyber insurance policies. Beazley's move to include affirmative AI cover in its cyber and tech E&O policies is particularly relevant for **Lloyd's syndicates**, which write a significant portion of global cyber premium. CFC's enhancements to its FI suite, including the full CPR policy and AI cover, reflect a trend towards more comprehensive and explicit coverage for financial institutions worldwide. This is crucial for the London Market, where the subscription model and tailored local variants play a significant role in providing bespoke solutions to clients. **Underwriters** and **brokers** in the London Market should consider the implications of these updates for their clients, particularly those in the financial sector. The inclusion of affirmative AI cover in cyber policies offers an opportunity to address potential coverage gaps and provide clients with greater certainty in an evolving risk landscape. **Risk managers** should evaluate their current policies to ensure they align with these new offerings, taking advantage of the proactive risk management tools and unlimited reinstatements provided by CFC's updated FI products. This proactive approach can help mitigate the impact of AI-driven cyber threats and enhance overall risk management strategies.