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The Interview
Patrick Tiernan: War risk is being rewritten
The Interview
Jul 12, 2026

“As there is more drone warfare, more artificial intelligence in the decision making, we’re going to have to completely reimagine how we cover [war]”

Business presenter Felicity Hannah speaks to Patrick Tiernan, who runs the 337-year-old insurance marketplace, Lloyds of London.

He says that autonomous weapons and AI-driven decision-making could change how conflict risk is calculated and insured, because traditional assumptions about how wars escalate may no longer hold. He says the current risk environment is unlike anything in his company’s long history, and that a major state-backed cyber-attack remains one of their realistic disaster scenarios.

Thank you to the BBC Big Boss team its help in making this programme. The Interview brings you conversations with people shaping our world, from all over the world. The best interviews from the BBC, including episodes with chief EU Brexit negotiator Michel Barnier, head of the commonwealth games Katie Sadleir and astronaut Victor Glover. You can listen on the BBC World Service on Mondays, Wednesdays and Fridays at 0800 GMT. Or you can listen to The Interview as a podcast, out three times a week on BBC Sounds or wherever you get your podcasts.

Presenter: Felicity Hannah Producer: Cordelia Hemming Editor: Damon Rose

(Image: Patrick Tiernan. Credit: Lloyd's)

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23min 01sec


Patrick Tiernan: War risk is being rewritten

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