Munich Re sees strong growth in AI insurance

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Munich Re sees strong growth in AI insurance

Munich Re, a global reinsurance giant, anticipates a surge in demand for AI insurance as organizations delve deeper into AI technology, seeking to mitigate associated risks. The company has been at the forefront of offering insurance solutions for AI applications since 2018, covering financial losses and performance risks.

Despite the promises of AI in enhancing productivity and customer experience, recent incidents have highlighted the limitations and risks of AI technology, such as biases in hiring processes and denial of claims. In response, AI technology suppliers are introducing copyright shields and indemnifying models to address customer concerns.

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