This article was generated by AI and cites original sources.
Indian cyber insurers are adopting a new approach by closely examining companies’ use of artificial intelligence as a prerequisite for insurance coverage. This shift indicates a change in how the industry assesses technology-related risks. Underwriters are now delving into the specifics of the AI models employed by companies, the data pathways within these systems, the accessibility of AI models, and whether organizations have mechanisms in place to identify and rectify abnormal outputs. Moreover, insurers are evaluating the protective measures during AI deployment and the response times if an AI system malfunctions.
Source: Tech-Economic Times