MKIII
Insuring AI-Powered Loan Decisioning
How MKIII backed its loan model's accuracy with a performance warranty insured through Armilla's CLIP, giving lenders a guarantee they can contract on.
Armilla’s coverage solutions protect both enterprises and AI vendors against the unique risks of artificial intelligence. Our specialized underwriting helps you to build trust, reduce risk, and support adoption, regardless of where you sit in the AI ecosystem.
Enterprises need more than silent coverage. Armilla Insured gives you named, affirmative coverage that responds to AI-related performance shortfalls, legal exposures, and financial risks.
Armilla AI is a Lloyd’s of London Coverholder, operating out of the world’s largest insurance marketplace.
Our insurance products are backed by established partners including Chaucer Group, Axis Capital, and Convex.
Superior
AM Best
Excellent
AM Best
Excellent
AM Best
Responds to errors, omissions, and unforeseen performance issues in AI-driven products and operations.
Covers defense costs, settlements, and third-party claims from AI underperformance or alleged damages.
Partnerships with global insurers including Chaucer, Convex and Axis Capital give you industry-rated coverage.
When an enterprise buyer asks you to guarantee performance in the contract, Armilla Guaranteed lets you make that promise in writing: you commit that your AI solution will meet agreed-upon metrics, and the warranty funds the remedy if it doesn't.
Our warranty product is backed by established partners including Chaucer Group, Greenlight Re, and Swiss Re.
Superior
AM Best
Excellent
AM Best
Superior
AM Best
If your AI solution fails to meet contractual KPIs (e.g., accuracy, bias) or defined business outcomes, the warranty provides compensation.
Armilla's assessments identify potential biases or regulatory risks early, supporting smoother deployments and fewer disputes.
A warranty backed by trusted insurers helps you shorten sales cycles and raise buyer confidence in your AI's reliability.
How MKIII backed its loan model's accuracy with a performance warranty insured through Armilla's CLIP, giving lenders a guarantee they can contract on.
"Armilla AI’s third party verification and warranty on the performance and accuracy of our AI-powered de-identification solution has been a powerful asset in sales cycles, helping accelerate discussions with large enterprises. Customers are thrilled that we’re able to guarantee the value of our product, backed by trusted third parties."
"Armilla's third-party certification and warranty played a key role in highlighting the performance and fairness of our AI models, which made our business even more attractive to customers, and aligned with our acquirer's shared commitment to ethical and responsible AI."
"We needed to include an independent audit of our LLM-based risk assessment as part of a response to an RFP from a large fintech. Armilla AI conducted a comprehensive and efficient assessment, helping us meet this requirement within a tight timeline, and, unlike other third-party auditors, were able to offer a warranty guaranteeing our system KPIs. We’d highly recommend working with them."
Disclaimer: The insurance products described on this website are offered through surplus lines insurers. Surplus lines insurance is not subject to all the insurance laws and regulations of your state, and such insurers are generally not licensed by or subject to the supervision of the insurance department of your state. Coverage may not be available in all jurisdictions and is offered only through properly licensed surplus lines brokers.
Nothing on this website constitutes an offer to sell or a solicitation to buy insurance. No coverage will be bound or effective unless and until confirmed in writing by an authorized representative and all underwriting requirements have been satisfied. Any descriptions of coverage are for general informational purposes only and do not amend, modify, or supplement any actual policy or contract of insurance.
Please consult with a licensed surplus lines broker to determine availability and eligibility in your state.
Armilla Insurance Services is a Coverholder at Lloyd's. Affirmative AI Liability Insurance is underwritten by certain underwriters at Lloyd's. Not all activities are related to Lloyd's.