Marsh CEO Warns Broad AI Insurance Exclusions Could Create Uncertainty
Marsh CEO John Doyle said broad AI exclusions could cause confusion and uncertainty, and called for a more nuanced approach to assessing risks.
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Broad AI exclusions in insurance policies could create uncertainty, Marsh CEO says
By Manya Saini Oct 15 (Reuters) — A broad-based AI exclusion in insurance policies could create "real confusion and uncertainty," Marsh CEO John Doyle said, calling for a more nuanced approach to assessing risks as the technology becomes increasingly embedded in business operations. Analysts and experts say the rapid d
Marsh Reports 8% Q3 Revenue Growth and Raises Savings Target
Marsh said third-quarter revenue rose 8% to $6.9 billion, underlying revenue growth was 5%, and adjusted EPS increased 10% to $2.03. The company raised its Thrive program savings target to $600 million from $400 million.
Signals and Slips: Brokers put AI uncertainty on the balance sheet
By George Abbott Oct 14 (The Insurer) — Marsh Re’s push against AI coverage gaps has brought a growing tension into focus. Brokers want to preserve the widest possible market for cover, while underwriters need to understand the risks they are assuming as the technology — and the way it is used — continues to evolve. Si