2026-10-15 · Source: Business Insurance
Summary in 3 Points • Specialty insurers are assessing AI risks individually rather than opting for blanket exclusions. • Liability uncertainties related to AI are a significant concern for excess and surplus lines executives. • The approach to AI liability could influence underwriting practices in the specialty insurance market. --- Specialty insurers are increasingly inclined to evaluate artificial intelligence risks on a case-by-case basis rather than implementing broad exclusions. This nuanced approach reflects the growing recognition of the complexities involved in AI-related liabilities, which are causing considerable concern among executives in the excess and surplus lines sector. As these uncertainties persist, they may lead to shifts in underwriting practices and coverage offerings within the specialty insurance market. The case-by-case assessment of AI risks may impact underwriting practices in the specialty insurance market, particularly in relation to emerging technologies.
The case-by-case assessment of AI risks may impact underwriting practices in the specialty insurance market, particularly in relation to emerging technologies.