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THE MORNING EDITIONInsurance. Risk. A changing world.
Morning edition / 29 October 2026Two editions a day, wire updated in between · How we report · The team

THE DIGITAL INSURER · TOPICS

AI, risk & governance

Insuring AI risk, AI rules and model governance, cyber and data privacy, and research.

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Insuring AI riskRegulation and model governanceResearchAI rules tracker (tracker)

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Regulatory filing

AI in Insurance

Anthropic tells investors a catastrophic AI incident could exceed what insurers can cover

Anthropic's IPO registration statement, filed with the US SEC on 26 October, warns that a catastrophic AI incident could be larger than any single insurer, and possibly the whole industry, can underwrite. The AI developer also says the market for AI-specific cover is still young and that it may be unable to buy some AI liability cover on reasonable terms, or at all. Morningstar DBRS said the filing highlights an AI insurance protection gap.

Source: Anthropic, PBC (SEC Form S-1)

Executive comment

AI in Insurance

Marsh chief executive says broad AI exclusions in insurance policies could cause “real confusion”

Marsh chief executive John Doyle warned that broad exclusions of artificial intelligence risk in insurance policies could cause “real confusion and uncertainty”, Reuters reported. Speaking after the broker's third-quarter results, he asked for a more careful assessment of AI exposures and said that there have been very few AI claims so far.

Source: Carrier Management (Reuters)

Regulatory guidance

AI in Insurance

Singapore sets AI risk guidelines for financial firms and keeps them accountable for third-party AI

The Monetary Authority of Singapore (MAS) issued Guidelines on AI Risk Management that apply to all financial institutions and all forms of AI, and says firms remain accountable for AI that third parties develop, operate or provide. The guidelines take effect on 7 October 2027, with Sections 5 and 6 due by 7 October 2028.

Source: Monetary Authority of Singapore

Research brief

AI in Insurance · In context

EIOPA: scaling AI in insurance raises provider dependence and cyber risk

In a Eurofi magazine article published on 16 September, EIOPA argues that wider use of AI in finance increases dependence on a few outside providers, market concentration and cyber risk. It cites a 2025 survey in which 65% of 347 insurers in 25 EEA countries already used generative AI, and says rigorous implementation of DORA and the AI Act matters more than new AI rules.

Source: EIOPA

On the Newswire this week

The Newswire →
  1. Verisk adds Amazon Quick and Microsoft Copilot integrations ↗Coverager · AI & Machine Learning · 28 Oct
  2. MS Amlin introduces AI wording tool to speed up renewals ↗Commercial Risk · AI & Machine Learning · 29 Oct
  3. CFC launches executive cyber protection for SME leaders and upgraded AI cover ↗Reinsurance News · Cyber Risk & Data Privacy · 29 Oct
  4. Verisk adds insurance data to Microsoft, Amazon AI platforms ↗Business Insurance · AI & Machine Learning · 29 Oct
  5. PolicyMe launches AI underwriting copilot ↗Coverager · AI & Machine Learning · 29 Oct
  6. Ping An’s AI now handles 82% of customer service as insurer posts 8.3% profit rise ↗Insurance Business (Asia) · AI & Machine Learning · 29 Oct
  7. Contour Underwriting taps KYND for global cyber push ↗FinTech Global · Cyber Risk & Data Privacy · 28 Oct
  8. Cyber Direct Premiums Are Up but Majority of Policies Are Endorsements: NAIC ↗Carrier Management · Cyber Risk & Data Privacy · 28 Oct

The daily briefing