{"company":{"id":"armilla-ai","name":"Armilla AI","aliases":["Armilla Assurance"],"url":"https://www.armilla.ai/","tagline":"Armilla is a Lloyd's coverholder that underwrites liability insurance and performance warranties for AI systems, including AI agent errors and underperformance.","status":"active","funding":"Raised a $4.5 million seed round led by Mistral, bringing total funding to $7 million.","hq_country":"CA","sources":["https://www.armilla.ai/","https://www.armilla.ai/ai-insurance","https://beinsure.com/news/armilla-ai-expands-standalone-ai-liability-cover-to-25m/","https://techcrunch.com/2024/02/15/armilla-wants-to-give-companies-a-warranty-for-ai/","https://www.armilla.ai/resources/armilla-assurance-launches-armilla-guaranteed-tm-warranty-coverage-for-ai-products-in-partnership-with-leading-insurance-companies"],"last_checked":"2026-07-05","added_at":"2026-07-05","updated_at":"2026-07-05","offerings":[{"what_you_get":"A standalone AI liability policy covering financial damages and legal defense costs from AI underperformance, including AI agent mistakes such as incorrect decisions and failure to escalate, up to 25 million dollars per insured.","status":"live","acquisition":"sales_led","category":"insurance","details":{"coverage_type":"AI liability insurance covering model errors, hallucinations, data drift, harmful outputs, agent decision-making failures, privacy incidents, regulatory investigation costs, and third-party property damage caused by automated systems","insured_party":"operator","limits":"Up to 25 million dollars per insured","carrier_backing":"Underwritten at Lloyd's of London by Chaucer, AXIS Capital, and Convex; Armilla operates as a Lloyd's coverholder"},"standard_details":[]},{"what_you_get":"A performance warranty (Armilla Guaranteed) that compensates a buyer if a vendor's AI system fails to meet agreed, independently verified performance thresholds.","status":"live","acquisition":"sales_led","category":"insurance","details":{"coverage_type":"Performance warranty tied to independently verified AI system KPIs, refunding license fees if thresholds are not met","insured_party":"operator","carrier_backing":"Backed by Chaucer Group, Greenlight Re, and Swiss Re"},"standard_details":[]}],"slug":"armilla-ai","categories":["insurance"],"freshness_days":1}}