NTT DATA report flags rising cyber insurance gap and slow AI scaling
AI-summarised brief · reviewed before publication
NTT DATA's Insurtech Global Outlook 2026 report highlights the insurance sector's approaching inflection point due to growing cyber and climate-related losses. The report estimates uninsured cyber losses to rise from $171 billion in 2023 to over $700 billion by 2030, with climate-related uninsured losses at $180 billion. Insurers struggle to scale artificial intelligence safely and consistently, despite 66% of employees using AI tools. The report identifies key shifts shaping the insurance industry and provides guidance on building resilience and deploying responsible AI. It also notes a significant gap in cyber insurance and slow AI scaling.
💡 Why It Matters
- · Rising uninsured losses threaten the financial stability of businesses, while slow AI adoption hinders insurers' ability to respond to emerging risks.