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Industrial AI Podcast cover image

Munich Re: Insure AI?

Industrial AI Podcast

NOTE

What's in It for Munich Re Insurers?

Munich, Rhee's pricing comes from a combination of the performance guarantee, and then the insurance contract between the AI provider and Munich Rhee. All those typical insurance concepts like a retention or deductible or a co-insurance where for every dollar Munich Rhee indemnifies 90%, the customer indemnifies themselves, the remaining 10 cents. So essentially when we have these conversations with customers, we ask them, do you want to go fixed risk or fixed price?

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