New partnership to develop insurance for AI risks
Tuesday 15th July 2025
New partnership to develop insurance for AI risks
WMG, University of Warwick is part of a unique £2m academic-industry partnership to develop novel methods to understand, measure, and ultimately insure against risk associated with the commercial application of artificial intelligence.
The UKRI Prosperity Partnership ‘AI2: Assurance and Insurance for Artificial Intelligence’Link opens in a new window, led by the University of Edinburgh, alongside insurance group AXA, WMG and the University of Oxford, will build an implementable AI assurance framework that enables auditing of algorithmic systems across metrics such as model accuracy, bias and privacy.
The partnership will seek to tackle key industry challenges in areas from drug manufacturing and artificial intelligence (AI) to cybersecurity.
Researchers at WMG will be developing techniques to assure the AI underpinning national transport, manufacturing and energy infrastructure, and exploring how such assurances can impact AI insurance premiums.
Carsten MapleLink opens in a new window, Professor of Cyber Systems Engineering at WMG, explains: “Advances in artificial intelligence have been made for many years, but never so rapid as currently. AI is transforming the way we live and work and promises significant economic and societal benefit.
“However, we need to harness this power to use it to maximum effect without causing harm. Our Secure Cyber Systems Research Group will use its decades of experience in AI and trustworthy systems to develop tools and techniques to provide guarantees on security, privacy, fairness and resilience of AI. By understanding how these guarantees can impact AI insurance premiums will allow new cost models that ensure creating safer AI is an economic, as well as social and business, benefit to organisations.”
Establishing a robust AI assurance and insurance framework will lead to the wider and safer adoption of AI technologies in industry by transferring risk into the insurance market, the partners believe. It will also provide clear incentives for AI developers to create safer and more reliable products.
Science Minister, Lord Vallance said: “These partnerships show the range of real-world challenges the UK’s world-class research base is helping to tackle – from cutting carbon emissions in heavy transport, to improving access to life-saving medicines.
“By backing scientists to work hand-in-hand with industry, we’re combining cutting-edge research with business expertise to turn science into practical solutions that can make a difference in people’s daily lives.”
Find out more about WMG’s Cyber Security research here: Cyber Security - WMGLink opens in a new window