Market Chatter: Tokio Marine to Launch Insurance for AI-Powered Robots

MT Newswires Live10-26

Tokio Marine (TYO:8766) will start offering insurance for AI-driven robots from November, with the premium set to be 20% more costly than current robot insurance, Nikkei Asia reported on Sunday.

The technology, known as physical AI, enables machines to autonomously assess situations and act based on camera and sensor data, the news agency said.

The technology is expected to see widespread use in factories, nursing homes and retail stores, the report said.

Tokio Marine did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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