The insurance sector stands to gain from opportunities created by the wider use of AI, but the sophisticated technology carries a greater cyber risk, according to one of two reports by Lloyd's. The first focused on the four key areas of trust and transparency, ethics, security and safety, and said liability questions remained about AI in the event of a cyber incident. In its report, which was published last week, Lloyd's said: "The potential for misuse is high, as it can be used to target individuals or groups with malicious intent.
The insurance sector stands to gain from opportunities created by the wider use of AI, but the sophisticated technology carries a greater cyber risk, according to one of two reports by Lloyd's. The first focused on the four key areas of trust and transparency, ethics, security and safety, and said liability questions remained about AI in the event of a cyber incident. In the second study, Lloyd's examined the "vast potential" of collaborative robots.