Armilla

About Armilla

Armilla Insurance Services is a managing general agent and Lloyd’s Coverholder exclusively focused on AI-related risk solutions. Through its partnership with select underwriters at Lloyd’s, including Chaucer, Armilla has launched the first affirmative AI liability insurance policy designed to address the unique operational and legal exposures of AI systems. This policy covers defense costs and third-party liabilities arising from AI failures such as hallucinations, critical inaccuracies, malfunctions, and breakdowns in expected function.

Armilla’s coverage framework goes beyond standard Technology Errors & Omissions by introducing clear, affirmative triggers for:

• AI product failures causing customer losses
• Technical AI errors in services or algorithms
• Professional service errors where AI assists or delivers solutions
• Costs of AI-specific regulatory investigations
• Systemic issues with tailored limits for widespread AI disruptions

In addition to insurance, Armilla provides technical risk management services, including independent model risk assessments and performance warranties for AI vendors and enterprise deployments. A tech-enabled underwriting process leverages automated assessments and deep AI expertise to deliver faster, tailored quotes. Financial stability and robust claims handling are supported by reinsurance partnerships with Swiss Re, Axis Capital, Chaucer, and Greenlight Re, ensuring capacity for enterprise-scale AI programs.

Armilla combines insurance innovation with AI technical insight to fill critical coverage gaps and help organizations deploy AI with clarity around liability and risk management.