Specialty insurer Relm Insurance coverage Ltd. Tuesday launched three artificial intelligence insurance coverage products to fulfill what it referred to as rising demand.
NOVAAI is a cyber and tech errors and omissions coverage that may very well be appropriate for AI-based product and repair firms which have a legal responsibility and cyber safety publicity, Relm stated in a press release.
PONTAAI is an extra distinction in circumstances wrap coverage for organizations with third-party legal responsibility publicity because of their AI use or improvement.
RESCAAI is a first-party response coverage for organizations that use third-party AI for enterprise operations and organizations that embed third-party AI options inside their very own products.
Joseph Ziolkowski, CEO and founding father of Relm, stated within the assertion the brand new products assist tackle the “distinctive” danger exposures posed by evolving and rising AI use.