FutureProof

The rapid adoption of generative AI is radically transforming how professionals deliver services in a way we have not seen since the dawn of the internet. The type, extent and severity of the professional indemnity claims of tomorrow will be the product of this technological revolution which will in turn impact on the risk profiles of firms. Insurers will need to respond and adapt their underwriting processes and appetite for risk and opportunity. There are no simple answers to what the professional indemnity landscape will look like as the pace of AI adoption continues and will turn on a panoply of factors across sectors. What we do know is that change is coming and the insurance market will need to reflect, plan and adapt.

Our FutureProof series will look at a whole range of issues including:

How professionals across a range of sectors are already using AI and how AI is likely to change the way those professionals work in the future
The benefits and risks to professionals of using AI
How the use of AI may change the claims landscape for professional indemnity insurers and the issues that insurers need to be thinking about now
The regulatory landscape surrounding the use of AI by professionals
How the law of professional negligence might develop as a result of AI
What all of this means for professionals and their insurers

It is designed to be of interest to anyone connected with the professional indemnity market – including professionals, brokers, insurance underwriters and those that handle claims against professionals when they arise.

As the series develops, we’d also love to hear from you with your own thoughts and insights.

Get in touch

On 11 February 2025, we will be hosting a conference on AI and professional indemnity insurance (PII) in our London office, examining issues including:

the rise of generative AI and how it is used by professionals
how the rise of AI might disrupt the PII landscape
the impact of AI on the risk profile of different professionals, how policies are underwritten and coverage
views from across the PII market on the challenges and opportunities that AI will bring

To reserve a place (subject to availability) please click on the link below and register your interest.

Register your interest

Read our article series

The impact of AI on the world of professional indemnity insurance

In this first article, we share insights about what AI actually is, how it works, and why it’s likely to change the way that professionals such as lawyers, architects, and accountants currently work as the technology continues to develop.

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The rising use of AI by the legal profession

In the second article of our FutureProof series, we look at how lawyers are adopting Gen AI and the opportunities and risks which this presents, both for lawyers and their professional indemnity insurers.

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What are the professional indemnity implications through accountants’ adoption of generative AI?

We explore how accountants are adopting generative artificial intelligence and how this might impact on the types of claims we will see and the risk profile of firms.

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Meet the team

Our specialist multi-disciplinary team combines a wealth of legal expertise with cutting-edge technology to meet the evolving needs of the insurance market.