Armilla, backed by Chaucer and Axis, sells Lloyd's-underwritten cover for AI hallucinations, model drift and regulatory breaches up to $25M.
Key features: AI hallucination cover · model-drift/regulatory cover · Lloyd's-underwritten
Pricing: Custom (cover up to $25M)
Best for: Businesses deploying AI
Editorial verdict
Armilla sells Lloyd's-underwritten cover for AI hallucinations, model drift and regulatory breaches up to $25M, backed by Chaucer and Axis. The tradeoff is category novelty: it's a new AI-risk insurance product, included here for category awareness rather than as an agent workflow tool. Best understood as emerging AI-liability coverage for businesses deploying AI. A coverage product, not an agency tool.
