Insurance Sector Begins Clarifying Coverage for AI-Related Cyber Claims
The insurance sector is beginning to clarify its stance on covering losses from cyber incidents involving artificial intelligence. Beazley, a leading cyber insurer, confirmed it will provide coverage even if an attacker uses AI in the incident. For years, insurers have remained largely noncommittal about handling AI-based attacks, creating uncertainty across industries and legal systems globally. QBE Insurance has stated its commitment to covering AI-related claims, treating AI as a risk amplifier rather than a new type of cyber threat. AIG also indicated it is not planning to limit coverage for such incidents at this time despite industry discussions about potential exclusions in policies. InsureTech startups are adding competitive pressure by leveraging AI and machine learning to offer alternative insurance solutions. The uncertainty around AI-related claims has raised concerns within the cybersecurity community, as hackers increasingly use AI tools to scale attacks beyond current defenses.