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ARTICLE · 15 JULY 2024

Anticipating Artificial Insurer Defenses: Maximizing Insurance Coverage For AI Exposures

Jones Day
Jones Day
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Jones Day

Jones Day

Jones Day is a global law firm with more than 2,400 lawyers in 40 offices across five continents....

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The Situation: The global market for artificial intelligence ("AI") technologies is projected to surpass $1 trillion by 2030.

United StatesTechnology

In Short

The Situation: The global market for artificial intelligence ("AI") technologies is projected to surpass $1 trillion by 2030.

The Result: In addition to productivity and efficiency improvements, the integration of AI technologies into business operations may create new, or amplify existing, enterprise risks.

Looking Ahead: Commercial policyholders should proactively review their insurance coverage provisions to guard against the risk of AI-related claims and losses.

Introduction

The accelerated adoption of generative AI technologies is expected to create opportunities for business innovation across virtually all industries. At the same time, the commercial use of AI technologies will not eliminate existing, and may create new, enterprise risks. Fortunately, businesses can proactively manage their AI-related exposure now by carefully reviewing their existing insurance programs to determine whether adequate coverage is afforded for AI-related

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