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

MT Newswires Live10-27

(Updates to add Tokio Marine's response to MT Newswires' query)

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 told MT Newswires that the company will begin offering "AI Robot Insurance" from November 2026, which will cover not only damage to the AI robot itself and liability for damages to third parties, but also personnel costs for replacement personnel during operational downtime and contributing to solving social issues, including labor shortages.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment