Beazley has expanded its cyber insurance offering with new cover designed to support businesses facing risks arising from their own use of artificial intelligence.

The new endorsements are designed to address risks beyond AI-enabled cyber attacks, focusing on the potential financial, operational and regulatory consequences of deploying AI within businesses.

The new cover includes an AI Voluntary Shutdown solution, which is designed to protect organisations that need to suspend their own malfunctioning AI systems before significant financial or reputational harm occurs.

The insurer has also introduced AI Regulatory Defence and Penalties cover to support clients where unintentional misuse of AI results in regulatory investigations or fines.

Alessandro Lezzi, group head of cyber risks at Beazley, said: "These endorsements reflect our commitment to evolving our cover, keeping pace with our clients’ needs and providing greater clarity and confidence as businesses adopt AI. Our Full Spectrum Cyber offering is designed to address the totality of cyber risk, helping businesses navigate both emerging threats and the complexities that come with embracing new technologies.”

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