aiSure™
More AI Opportunity. Less AI Risk

Reap the benefits of AI

While protecting against the downside

98%

of CEOs say there would be immediate business benefits from implementing AI

60%

are hesitant to invest because of uncertain return on investment

Across industries, across use cases aiSure™ has got you covered.

AI Vendors

Both Vendors and Corporations

Corporations using AI

Contractual Liabilities

AI Liabilities

Financial Losses

The Risk

Selling innovation can be challenging when customers lack trust in AI. Providing a performance warranty for the AI models accuracy de-risks the purchase decision, but it creates a liability on the balance sheet of the tech company.

The Risk

Selling or using AI models can create new and accumulated liabilities. Those include

Discrimination
IP infringement
Hallucinations
Regulatory fines

The Risk

Rolling out AI models to automate critical business processes has huge upside potential but comes with uncertainty. AI errors and GenAI hallucinations can lead to ill-informed decisions, business interruption or other forms of lost revenue.

aiSure™ has got you covered for critical AI risks

aiSure™ for providers

AI innovators can de-risk new clients’ AI investment decisions by guaranteeing ROI. aiSure^TM-backed performance warranties enable you to indemnify your clients for their financial losses or legal liabilities directly related to AI errors.

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Frequently Asked Questions

What is AI Insurance?

AI insurance is a new category of business risk coverage. Unlike traditional casualty policies protecting against catastrophic loss or traditional liability covering third party damages claims, AI insurance, pioneered by Munich Re in 2018, is triggered by unexpected errors in the ongoing performance of AI models in daily business use. This makes it suited to covering high frequency, low severity events which in the aggregate can create significant economic loss or class action exposures that existing forms of insurance simply don’t address.

Which AI technology risks can be covered with insurance?

AI risks come in various types, including but not limited to:

Underperformance of the models
Hallucination, misleading content and false information.
Bias and fairness risks, leading to discrimination.
Privacy infringement following the leakage of private or sensitive information.
Intellectual property violations by models trained on copyright-protected material.
Users and customers exposed to harmful AI-generated content.

Munich Re has been helping our clients with insurance for AI products and services since 2018 and we are happy to discuss with you how to choose the right insurance for your AI solutions and potential exposures.

How insurance can safeguard AI performance reliability and ROI?

AI is probabilistic – it makes the decisions based on the probability of a range of outcomes. At the same time, AI is systematic – meaning it will continue to make these mistakes until they are identified and corrected.

For businesses using or selling AI, the potential consequences of underperformance can include reduced profitability, serious financial losses, business interruptions, customer dissatisfaction and attrition, increased expenses and reputational damage, as well as legal liabilities and the resulting costs. The type of loss depends on the use case and can include financial costs for system malfunctions and breakdowns, business interruption costs, legal liabilities, extra expenses and costs for accidents.

The risk of underperformance cannot be fully avoided by technical means. At the same time, not leveraging AI effectively could lead to a competitive disadvantage for a company. By indemnifying AI vendors and their corporate users against excessive losses, aiSure™ fills a risk management gap, protecting AI innovations with insurance.

What is Munich Re’s aiSure™ offering?

aiSure™ is a suite of comprehensive coverage for AI systems designed to address a wide area of AI-related risks for AI providers and corporate adopters caused by AI performance errors, including:

Contractual liabilities
Own damages/financial losses; and
Legal Liabilities.

In an emerging market like AI, Insurance solutions should adapt to evolving requirements. As the pioneering insurer in the field of AI, we pride ourselves on delivering tailored insurance solutions for AI product providers.

We welcome other coverage requests and are happy to explore designing a bespoke solution for your business. To learn more on how to protect your AI technology with insurance, please reach out to us.