Companies fish for cyber cover as AI liability risks surface

Short summary

Indian companies are increasingly purchasing cyber insurance to protect against AI liability risks, including malfunctioning agents and inaccurate chatbot outputs. Insurers are adapting underwriting models to assess AI-specific exposure. The global AI insurance market is projected for significant growth as organizations proactively manage emerging tech threats.

• •Indian companies seeking cyber insurance for AI liability protection
• •Insurers updating underwriting processes to evaluate AI risk exposure
• •Global AI insurance market expected to expand significantly

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