Artificial intelligence is rapidly reshaping the risk landscape , but while the exposures are multiplying, figuring out how to measure them is proving even harder. For insurers and brokers, the challenge is not just keeping pace with technology – it’s finding ways to quantify risks that have no historical data and evolve faster than traditional actuarial models can adapt.
James Bullock-Webster (pictured), director and head of tech, media and cyber at New Dawn Risk, told Insurance Business that the pace of change is what makes AI so uniquely disruptive.
“It’s extremely difficult,” he said. “The pace of technological change makes quantifying AI-related risks extremely challenging. We must learn from industry experts and continue to monitor emerging threats. Underwriters will undoubtedl

Insurance Business Canada

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