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Chaucer and Armilla launch new AI liability insurance product

Chaucer Group, a global specialty insurance and reinsurance group, has partnered with Armilla AI, a provider of specialised insurance and risk management solutions for AI, to launch a new standalone third-party liability (TPL) insurance product.

MAPFRE introduces ethical guidelines for AI development

MAPFRE, a Spanish insurer and insurance group in Latin America, has become the first IBEX 35-listed company to introduce a formal set of principles for the responsible development and use of artificial intelligence (AI).