The AI Underwriting Challenge
AI systems are complex, rapidly evolving, and difficult to assess using traditional methods. Insurers need structured data to make informed underwriting decisions.
Complex Liability Chains
AI systems involve multiple parties: developers, deployers, data providers, and users. Traditional policies struggle to allocate responsibility across these chains.
Rapid System Changes
AI models are updated frequently. A system underwritten today may look entirely different in months, creating coverage gaps and material change risks.
Limited Visibility
Without structured data on AI systems, their controls, and dependencies, underwriters rely on questionnaires that cannot capture the full risk picture.
How We Work Together
Oak Cover provides the data infrastructure for insurers to evaluate, price, and monitor AI risk throughout the policy lifecycle.
Liability Mapping
Visualise the complete liability chain: AI systems, models, data sources, tools, parties, and contractual relationships in an interactive graph.
- Complete system architecture visibility
- Control ownership matrices
- Contractual terms: LoL, indemnities, warranties
Risk Scoring
Automated risk assessment based on system architecture, data sensitivity, autonomy levels, deployment environments, and governance controls.
- Multi-factor risk scoring engine
- Comparable risk profiles across submissions
- Actionable risk recommendations
Change Monitoring
Real-time tracking of material changes to AI systems post-placement. Get notified when risk profiles shift.
- Material change notifications
- Proactive portfolio management
- Version history for compliance
Claims Support
Incident evidence packs with system snapshots, change history, and liability analysis to support rapid claims investigation.
- System snapshots at time of incident
- Complete audit trail and change logs
- Liability chain analysis
Your Underwriting Workflow
Underwriting Inbox
Receive structured submissions with assignment and pipeline management. Prioritise and distribute across your underwriting team.
RFI Workflow
Request additional information through structured workflows with document management. All communications tracked and versioned.
Portfolio Monitoring
After binding, continue monitoring your AI risk portfolio. Receive alerts when material changes affect the risk profile of bound policies.