From: Business Insurance
Artificial intelligence could increasingly help captive insurers evaluate emerging risks such as autonomous vehicles while streamlining underwriting and operational workflows, a panel of experts said.
But human oversight remains essential to ensure accurate results, they said last week during a session at the Captive Insurance Companies Association 2026 conference.
AI applications are rapidly expanding and could help the industry better assess risks tied to emerging technologies such as autonomous mobility, said Steve Bauman, New York-based director of global programs and captives for the Americas at AXA XL.
“You’ve got underwriters, people in general, just scared to death of it, and then you’ve got the creators of it that say ‘this is safer.’ That big area is just capital utilization, and so it’s going to be big for captives,” he said.
