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Prediction: Increased use of AI in conveyancing will boost the purchase of 'self-issue' legal indemnity policies

Technology
Legal Indemnities
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Prediction

Conveyancing practitioners will be offered increasingly sophisticated software to automate the due diligence required prior to the purchase of a property. These software packages will be able to identify title risks and offer to put insurance solutions on cover. As the due diligence process becomes more automated we expect to see an uptick in the purchase of these self-issue legal indemnity policies. Insurers will work with the developers of PropTech solutions to promote products designed to mitigate any risks that are identified.

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