Artificial intelligence is poised to change every major industry, but not every change will be positive.
Professional liability insurers, who write Directors & Officers, Errors & Omissions, and Employment Practices Liability Insurance, are bracing for the next generation of insurance claims from when AI goes wrong, such as when AI-generated work fails to perform as expected.
For example, consider a company relying on AI to help hire new employees, only to find out the model is discriminatory. Or consider engineers and architects whose AI-influenced plans fall short of expectations, resulting in legal claims.
Join Insurance Insider, in partnership with Markel, for a free webinar 10:30 ET/3:30 BT on June 26 as we explore the possible implications of AI in professional liability.
Discussion questions
--Overview of AI-related claims to date
--Overview of potential claims facing professional liability insurers
--What risk management steps companies can take to avoid AI-related claims
--What are the key trends that policyholders should be aware of
--What regulatory factors may influence AI-related claims
--How insurers and brokers are using AI themselves to improve underwriting, pricing, risk selection, and claims management in professional lines
Panellists
Melisa Thompson, Managing Director, Professional Liability and Cyber Claims, Markel
David Loughran, COO, Head of Product, Chief Economist and Co-founder, Praedicat
Kevin LaCroix, Executive Vice President, RT ProExec
Dave Lewison. Executive Vice President, Amwins
Moderator
Meg Green, Senior Editor, Insurance Insider