Insure the performance of your Artificial Intelligence solutions
Innovative coverage for Artificial Intelligence solutions
It’s a recurring concern when using AI: Does the algorithm deliver on its promises? Even in dynamic environments?
Commercial providers of AI solutions have long been able to insure the performance of their offerings with aiSure™. Now this is also possible for users who implement self-developed AI solutions in their own companies.
With our solution you can implement your self-developed and purchased AI solutions with confidence and convince your decision makers of their reliability and financial benefit. This new cover enables you to mitigate the underperformance, unreliability and drift of machine learning models.
How does it work?
Get covered for consequential losses
Five reasons you should talk to us
A large regional bank acts as a mortgage lender. It has hitherto used property valuers to value properties before giving out loans. The bank now wants to use self-developed AI models to take over the task.
Having been protected against overvaluation risks through its professional indemnity insurance, the bank is now worried about the risk of its models being inaccurate, resulting in overvaluation of the property on the date of signing.
This is where Munich Re comes in: after reviewing the model, Munich Re insures its performance. If the AI makes a mistake that a human valuer would not have made, Munich Re covers the financial losses. The bank is financially protected against the underperformance of its AI and can now confidently use its innovative technology.