Library
LibraryMichael Clark
Price the estate, not the description
AI risk is underwritten today on the information basis cyber risk carried in 2014. A proposal form, an annual attestation, a maturity questionnaire, and an underwriter's judgement about the answers. The insured describes its controls. The insurer prices the description.
Contents
- A large organisation does not have an AI risk
- The right analogue is not liability
- Regulatory loss behaves unlike accidental loss
- Loss experience will not rescue this
- What the paper does not claim
Michael Clark
Chief Executive Officer, Standard Intelligence
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