Munich Re: AI efforts
Munich Re, the world's largest reinsurer, is distinctive: it both insures AI and uses it. It wrote the first insurance policy for an AI model's performance in 2018, built that into its aiSure product family, and is layering gen-AI into its own underwriting and risk work. Part of InsureBench's overview of AI in insurance; every figure is sourced.
Where Munich Re ranks on AI
Munich Re is featured among the 30 largest insurers in the 2026 Evident AI Index for Insurance.7 Its signature contribution, though, is on the other side of the ledger: it created the first insurance policy covering an AI model's performance in 2018, and added the first cover for a large language model in 2019.6
That pioneering work became aiSure — performance-guarantee insurance for AI providers, settled on measurable performance data rather than traditional loss adjustment.1
NA/Europe insurers
The AI build-out
From the first AI-performance policy to a productised AI-insurance family and internal copilots.
First AI-performance policy
Munich Re writes the first insurance policy covering an AI model's performance.6
First LLM cover
It adds the first cover for a large language model.6
aiSure & aiSelf
The aiSure brand is established; aiSelf extends cover to companies' self-developed AI.2
"Strong growth" in AI insurance
Munich Re frames AI insurance as a major growth area, targeting legal-risk cover.6
Mosaic + aiSure
A partnership offers AI developers up to ~$15M of cover against AI performance failures, including hallucinations.3
HSB AI Liability Insurance
Munich Re's HSB launches AI liability cover for small and mid-sized businesses.4
Inside the programme
A productised AI-insurance family, distribution partnerships, and internal gen-AI.
aiSure
Performance-guarantee insurance for AI providers, settling on measurable performance data.1
aiSelf
Extends aiSure to companies deploying their own or purchased AI solutions.2
Mosaic + HSB
A Mosaic partnership (~$15M cover for AI vendors) and HSB AI-liability insurance for SMEs broaden access.3
Product-design CoPilot
A gen-AI "CoPilot" lets product designers create and adapt insurance products in hours or days.5
"We see growth potential in covering the legal risks arising from the use of AI tools."
Michael Berger, Head of Insure AI, Munich Re — 20246The insurer that underwrites AI itself
Munich Re's vantage point is unique: it prices the risk that AI models fail, so it has studied AI reliability harder than most. Its aiSure due diligence examines data, training, testing and monitoring before it will insure a model's performance.8
That is the same question an insurance AI benchmark asks — will the model actually be right?
- aiSure — AI-performance insurance for vendors
- aiSelf — cover for self-developed AI
- Mosaic partnership — up to ~$15M AI cover
- HSB — AI liability insurance for SMEs
Why this matters for benchmarking
Munich Re literally prices whether AI models perform — the same question InsureBench scores across underwriting, claims and actuarial work. See the methodology.
Sources
- Munich Re — Insure AI / aiSure product page. munichre.com
- Munich Re — aiSelf — cover for self-developed AI. munichre.com
- The Insurer — Mosaic partners with Munich Re's aiSure (up to ~$15M cover; Feb 27 2026). theinsurer.com
- The Insurer — HSB introduces AI Liability Insurance for SMEs (Mar 18 2026). theinsurer.com
- Munich Re — Generative AI is driving automation in insurance (internal CoPilot). munichre.com
- Computer Weekly — Munich Re sees strong growth in AI insurance (May 23 2024). computerweekly.com
- Evident Insights — AI Index for Insurance 2026 (Munich Re in the top 30). evidentinsights.com
- Emerj — Creating insurance policies for AI with Munich Re's Michael Berger. emerj.com