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InsurTech weekly - Fifty shades of navigating uncertainty

Discover how insurers are adapting to emerging risks through AI-related cyber insurance limits, European climate risk pooling initiatives, and AXA XL’s expansion into prevention services beyond traditional insurance.

1/ Capping payouts?

The first article, published in the Financial Times, details recent updates in cyber insurance terms to limit payouts in case of claim related to AI-risks. This is an example of how to answer emerging risks which are by design evolving fast and anyway with limited (if not no) historical data.

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2/ Pooling capacity?

The second article, published in the Financial Times, explores the opportunity for European countries to team up together and pool their financial capacities to create a fund which would reimburse citizens in case of severe climate-related damages. This is an example of how to answer emerging risks which might require new financial schemes or a global initiative due to their footprint !

3/ Preventing risks?

The third article, published in Coverager, details AXA XL's recent initiative around prevention. This is the fifth business line, which expands the insurer's footprint more broadly into the risk value chain. This is an example of how to answer emerging risks by going beyond insurance.

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