About AXA
AXA XL, a division of AXA, has introduced an extension to its cyber insurance offering to address risks specific to the use and development of Generative AI (Gen AI) technologies. This new coverage is provided by endorsement to the company’s existing CyberRiskConnect policy and is available to clients across North America, the U.K. and Lloyd’s market, Europe, and Asia.
The endorsement is designed to help businesses mitigate several emerging risks associated with building or deploying Gen AI models. It includes protection against "data poisoning" attacks, in which malicious actors compromise AI training data to degrade model performance. It also covers usage rights infringement, such as the unintentional use of copyrighted or unlicensed materials in training datasets. Additionally, the coverage addresses liabilities under AI-specific regulatory frameworks like the European Union’s AI Act, which imposes new compliance obligations on organizations developing or using AI systems.
This move reflects growing demand from AXA XL’s clients for insurance products tailored to the rapidly evolving AI landscape. The Gen AI coverage complements AXA XL’s broader cyber insurance offerings, which include support for incident response, financial liability coverage, and cybersecurity risk management.
Overall, AXA XL’s Gen AI-focused endorsement provides a structured insurance response to some of the legal and technical challenges companies face as they integrate advanced AI technologies into their operations.