AI is not just about cool possibilities, but also new risks for businesses. The more powerful autonomous agents become, the greater the concerns: a chatbot's wrong answer can cost millions and damage reputations. And, as usual, where there is risk, a second layer emerges – insurance.
Today, the Artificial Intelligence Underwriting Company (AIUC), founded by a former Anthropic employee, raised $15M to launch insurance for AI agents. The company offers not just policies, but safety standards akin to SOC 2, only for AI: independent tests, audits, scenarios attempting to "break" the agent, checks for hallucinations, incorrect refunds, discrimination, and data leaks.
History repeats itself: insurers once created fire safety standards and crash tests for cars long before government regulation. Now the market is moving faster than the law once again.
