sebbi.pro
ANSWERS

How is one AI catastrophe event defined for insurance and reinsurance?

sebbi.pro publishes a sealed, versioned AI Event Definition (SBP-AIE v1.0): an AI Loss Occurrence is all individual losses arising from the same originating AI cause and affecting AI systems built on the same model family, within a chosen period of consecutive hours (72 by default) starting at or after the first loss. The model family of each loss is read from sealed, Bitcoin-timestamped model lineage records, so it cannot be assigned after the event. An hours-clause engine groups a list of losses into occurrences and applies retention and limit per occurrence, and seals the result.

How it works

  1. Read the definition at sebbi.pro/.well-known/ai-event-definition.json.
  2. List the losses: insured, date and time, AI model family, amount and cause.
  3. The engine groups them by model family and cause into occurrences within the hours window.
  4. It applies the retention and limit to each occurrence and seals the report (AG-).

Catastrophe wordings define a windstorm or an earthquake so that losses can be aggregated for event limits and reinsurance recoveries. AI had no such definition. Wordings can cite SBP-AIE v1.0 and the clause SBP-AI-02 by their sealed fingerprints.

The AI Event DefinitionGroup losses into eventsLive AI Event Index

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