From: The Wall Street Journal
As generative AI creates new risks for businesses, insurance companies sense an opportunity to cover the ways AI could go wrong
The many ways a generative artificial intelligence project can go off the rails poses an opportunity for insurance companies, even as those grim scenarios keep business technology executives up at night.
Taking a page from cybersecurity insurance, which saw an uptick in the wake of major breaches several years ago, insurance providers have started taking steps into the AI space by offering financial protection against models that fail.
Corporate technology leaders say such policies could help them address risk-management concerns from board members, chief executives and legal departments.