AXA XL has broadened its cyber insurance coverage to include specific GenAI risks. The new coverage extension comes in response to the changing business landscape, in which more companies are developing their own Gen AI models.
The new coverage targets specific GenAI risks, including data poisoning, usage rights infringement, and regulatory violations.
AXA XL states that its new coverage extension fills a market need, offering assurance that enables companies to leverage GenAI without worrying about potential risks and extra costs that could impede their progress.
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