Tag: insurance
18 articles tagged insurance
Insurers rewrite cyber cover for agents that go rogue
Beazley, QBE and MSIG are redrafting policy language as AI agents cause losses without any hacker, unauthorised access or conventional security event to point to.
CII warns insurers' AI governance is outpacing staff capability
The Chartered Insurance Institute says firms are deploying AI faster than their people can challenge it, and rejects human review as an automatic safeguard.
L&G expands Microsoft AI deal across 10,000 staff
Legal & General has signed a three-year deal extending Microsoft 365 Copilot to all 10,000 staff and deepening its Azure use, as UK insurers chase AI productivity.
Aviva detects record £233m in fraud as AI scams rise
Aviva flagged a record £233m in suspect claims in 2025 as fraudsters used AI to fake accidents and documents, prompting the insurer to deploy AI in defence.
Insurance Executives Plan AI Spending Surge Despite Skills Gap
Accenture survey finds 90% of insurance leaders will increase AI investment in 2026, but employee readiness lags significantly behind.
Allianz to Cut Up to 1,800 Jobs as AI Replaces Call Centre Roles
German insurance giant Allianz plans to eliminate up to 1,800 positions in its travel insurance division over the next 18 months as AI replaces manual processes.