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@Thaddeus Dziekanowski, the insurance industry is concerned about the systemic risk that AI poses. AI presents many challenges to the insurance industry, it is a tool that accelerates the development of current risks, creates new risks and can be a solution to risk mitigation.
For example what happens when AI and cyber converge into robust solutions? Combined, AI and Cyber create perfect storm for the insurance and reinsurance industry. Both AI and cyber are separate risks in their own right, that can and will cause systemic loses. But when combined AI and cyber will automate the cyber kill chain. AI enabled cyber adds another set of tools to nation states, cyber criminals, and script kiddies.
One must remember that ‘The whole is greater than the sum of the parts’. Aristotle.
Brian D. McCarthy Rich Waite, M.Ed. George Sawyer Rachel V. Rose, JD, MBA Ryan Buckner Brian Levine Bob Dix
#cybersecurity #cyberriskmanagement #cyberregulation #cyberinsurance #ai
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