Armilla AI
Armilla is a Lloyd's coverholder that underwrites liability insurance and performance warranties for AI systems, including AI agent errors and underperformance.
Insurance and liabilityLive
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.
- 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
- Notable exclusions
- not published
- Integration
- not published
- Pricing
- not published
Insurance and liabilityLive
A performance warranty (Armilla Guaranteed) that compensates a buyer if a vendor's AI system fails to meet agreed, independently verified performance thresholds.
- Coverage type
- Performance warranty tied to independently verified AI system KPIs, refunding license fees if thresholds are not met
- Insured party
- operator
- Limits
- not published
- Carrier backing
- Backed by Chaucer Group, Greenlight Re, and Swiss Re
- Notable exclusions
- not published
- Integration
- not published
- Pricing
- not published