2026-11-12 · Source: Commercial Risk
Summary in 3 Points • Ferma president Philippe Cotelle urges insurers to clarify AI risk coverage in existing policies. • Cotelle believes a standalone AI insurance product is unnecessary for businesses. • The rapid adoption of AI is creating uncertainty in the insurance landscape. --- Philippe Cotelle, president of Ferma, has called for insurers to provide clarity on how artificial intelligence (AI) risks are managed within current insurance policies. Speaking at Commercial Risk’s Global Programmes Europe conference, he argued against the need for a separate AI insurance product, suggesting that existing frameworks should be adapted to address these emerging risks instead. The call for clarity comes as businesses increasingly adopt AI technologies, leading to heightened uncertainty regarding coverage. Cotelle's stance highlights the importance of integrating AI risk considerations into traditional insurance lines, which could impact underwriting practices and claims processes. Insurers may need to reassess their approaches to ensure they adequately cover AI-related risks without creating entirely new products. Insurers should clarify AI risk coverage in existing policies to adapt to the rapid adoption of AI technologies.
Insurers should clarify AI risk coverage in existing policies to adapt to the rapid adoption of AI technologies.