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Armilla AI

Key facts

Cohort: Cohort 10, 2023

Focus in insurance value chain/workflow: Point of underwriting 

Specific lines of business supported: Speciality  

Founded: 2020

Status: Operating, still in insurance

Company type: MGA (planned) 

Head office: Canada

Main global offices: Canada

Locations served: Global

Employee count: 11-100


Armilla AI focuses on AI assurance and risk management. Its capabilities include evaluating AI model performance, AI audits and due diligence. Armilla AI currently works with AI vendors and enterprises to guarantee the quality of their AI products and mitigate risks and is looking to become an MGA to offer insurance products covering AI risks. 

Lab activity

Primary focus product area whilst in the Accelerator: AI

Armilla AI designed two risk transfer products for AI risks during the Accelerator: AI Product Warranty and AI Liability Insurance. During the Lab, Armilla AI secured further capacity from Lloyd’s syndicates. 

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