In a recent episode of Insurance Business TV, experts from Tokio Marine HCC Cyber and Professional Lines Group, Dan Crane and Eugene Eychis, discussed the growing role of artificial intelligence (AI) in the field of cyber insurance. The roundtable conversation focused on how AI is currently being used to improve risk assessment and what strategies can be implemented to address its associated risks.
Crane and Eychis highlighted the benefits of AI in enhancing the accuracy of risk evaluations, which is crucial for insurers when determining coverage and premiums. They shared insights into the latest technologies that excite them and how these advancements could shape the future of the insurance industry.
The discussion also addressed the potential challenges posed by AI, particularly the risks that come with relying on automated systems. The experts emphasized the importance of developing strategies to mitigate these risks to ensure that the benefits of AI can be fully realized without compromising security.
This roundtable is part of a broader conversation about the intersection of technology and insurance. As the industry evolves, understanding the implications of AI will be key for insurers looking to stay ahead in a rapidly changing landscape.
For those interested in the future of cyber insurance, this episode offers valuable insights into both the opportunities and challenges that AI presents. The full discussion can be viewed on the Insurance Business TV website.