0.25 CIP Points
Understanding AI Exposures: AI Loss Scenarios Survey Results
Artificial intelligence is no longer a future consideration for insurers, it is a present-day risk. Across the Lloyd’s market, boards are now ranking AI risk as second only to geopolitical risk on their risk registers, underscoring how quickly AI has...
05 Feb 2026
1 min read
Artificial intelligence is no longer a future consideration for insurers, it is a present-day risk.
Across the Lloyd’s market, boards are now ranking AI risk as second only to geopolitical risk on their risk registers, underscoring how quickly AI has moved from innovation opportunity to material exposure.
In response to the absence of credible underwriting and claims data, the Lloyd’s Market Association (LMA) conducted a market-wide opinion survey in mid-2025 to better understand how insured AI risk is emerging in practice.
The survey sought member views on whether insureds are already using AI in ways that could trigger claims, which loss scenarios present the greatest concern, how effectively those risks are being managed, and the potential scale of losses insurers may face.
The analysis focuses on four high-impact scenarios spanning professional indemnity, product recall, accident and health, and cyber insurance:
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