{"id":253505,"date":"2025-07-10T12:52:12","date_gmt":"2025-07-10T12:52:12","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/253505\/"},"modified":"2025-07-10T12:52:12","modified_gmt":"2025-07-10T12:52:12","slug":"edinburgh-uni-launches-2m-project-to-build-insurance-for-ai-risks","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/253505\/","title":{"rendered":"Edinburgh Uni launches \u00a32m Project to build insurance for AI risks"},"content":{"rendered":"

A new \u00a32 million academic-industry partnership led by the University of Edinburgh will look to develop new insurance models specifically for AI<\/a> risks.<\/p>\n

Working alongside insurance group AXA, as well as the Universities of Warwick and Oxford, Edinburgh Uni\u2019s project aims to create novel methods to understand, measure, and ultimately insure against emerging risks associated with the commercial application of artificial intelligence.<\/p>\n

It is hoped that by helping insurers<\/a> to accurately price and underwrite AI-related risks in areas such as transport and healthcare, the project will play a role in laying the groundwork for future AI solutions, in everything from driverless cars to innovative medical devices.<\/p>\n

\"Scot-Secure<\/a><\/p>\n

New AI assurance and insurance frameworks could also lead to the wider and safer adoption of emerging tech across industry by transferring risk into the insurance market, and provide clear incentives for AI developers to create safer and more reliable products.<\/p>\n

\u201cAs AI systems become more autonomous and embedded in high-stakes environments, traditional forms of insurance are no longer sufficient,\u201d said lead academic Professor Lukasz Szpruch.<\/p>\n

\u201cAI insurance offers a new paradigm, one that explicitly covers risks like model failure, bias, or unintended behaviour that arise even when systems function within their design parameters.<\/p>\n

\u201cMore than just risk transfer, it\u2019s a mechanism to align incentives and reward those who build transparent, robust, and well-governed AI.\u201d<\/p>\n

Edinburgh University\u2019s partnership is one of twenty-three new Prosperity Partnerships announced today (10th July) by UKRI<\/a>, which aim to tackle industry challenges across pioneering areas from AI and cybersecurity to drug manufacturing.<\/p>\n

Powered by \u00a341 million in public investment, and matched by a further \u00a356 million from businesses and academia, these partnerships will see some of the UK\u2019s biggest household names, including Bupa, Rolls-Royce and GSK, working on projects that the UK Government hopes will improve lives and grow the economy.<\/p>\n

Recommended reading<\/strong><\/p>\n

For example, University College London will partner with pharmaceutical giant AstraZeneca to conduct AI-powered research for next-gen therapies targeting cancer and autoimmune diseases.<\/p>\n

Building on previous work, another Prosperity Partnership led by the University of Edinburgh and Rolls-Royce will use supercomputing to model the use of environmentally friendly fuels such as hydrogen in future gas turbine engines for aviation.<\/p>\n

\u201cThese partnerships show the range of real-world challenges the UK\u2019s world-class research base is helping to tackle, from cutting carbon emissions in heavy transport, to improving access to life-saving medicines,\u201d said the technology minister, Patrick Vallance.<\/p>\n

\u201cBy backing scientists to work hand-in-hand with industry, we\u2019re combining cutting-edge research with business expertise to turn science into practical solutions that can make a difference in people\u2019s daily lives.\u201d<\/p>\n

\n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"A new \u00a32 million academic-industry partnership led by the University of Edinburgh will look to develop new insurance…\n","protected":false},"author":2,"featured_media":253506,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8816],"tags":[97517,44891,97518,748,1102,33880,4884,1196,97519,712,16,84024,15],"class_list":{"0":"post-253505","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-edinburgh","8":"tag-ai-insurance","9":"tag-ai-risks","10":"tag-axa","11":"tag-britain","12":"tag-edinburgh","13":"tag-edinburgh-university","14":"tag-great-britain","15":"tag-insurance","16":"tag-prosperity-partnerships","17":"tag-scotland","18":"tag-uk","19":"tag-ukri","20":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114829036375496493","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/253505","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=253505"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/253505\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/253506"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=253505"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=253505"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=253505"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}