Only MGA/Coverholder solely for AI ins.; affirmative AI-specific coverage (not exclusions in E&O/cyber); tech verification (500+ audits) + insurance/warranties; accelerates sales/RFPs/compliance. Vs. TrojAI/Credo/Fiddler: insures, doesn't just monitor.
Karthik Ramakrishnan (CEO), Philip Dawson (Head of AI Policy), Geoff MacGregor (Head of Strategy & Ops), Baiju Devani (CTO); Founders: Dan Adamson, Karthik Ramakrishnan
AI Liability Insurance (covers underperformance: hallucinations, inaccuracies, model drift; legal defense, third-party liabilities); AI Performance Warranty (compensation if accuracy/fairness/robustness drops below thresholds); Third-party AI assessments/verification leading to warranties/insurance.
AI startups/scale-ups & enterprises (FinTech, InsurTech, HealthTech, LegalTech, HRTech); Fortune 1000; banks, regulated sectors (finance, healthcare, HR, telecom, retail, prof. services).
Lloyd's Coverholder (first AI-dedicated); Chaucer, Swiss Re, Greenlight Re; Lloyd's Lab (2023); Y Combinator (W22), Mistral VP, MS&AD Ventures, SixThirty, Morgan Creek Digital, Yoshua Bengio.
MKIII (loan AI warranty); Private AI (de-ID accuracy); SkyHive/Cornerstone (fairness); Accend (LLM KPIs); hireEZ (bias NYC LL144); WorkTango/TELUS (assessments).
No public claims.
Only MGA/Coverholder solely for AI ins.; affirmative AI-specific coverage (not exclusions in E&O/cyber); tech verification (500+ audits) + insurance/warranties; accelerates sales/RFPs/compliance.
Vs.
TrojAI/Credo/Fiddler: insures, doesn't just monitor.
$4.5M seed (2024); Liability launch w/Chaucer (Apr 2025); $25M coverage expand./funding (Jan 2026); Trustible partnership (2025); Baiju CTO (2024).
Understand the specific risks of each LLM to determine the right coverage.