AIUC raises $40 million to extend its agent audits, standards and insurance to frontier models
The Artificial Intelligence Underwriting Company raised a $40 million Series A led by Ribbit Capital, with First Harmonic and Terrain participating, and says it will “extend our audits, standards and insurance from agents to frontier models.” Its AIUC-1 certification is held by Cursor, ElevenLabs, Harvey, KPMG, Lovable, UiPath and Fin, and the company says ElevenLabs obtained AI agent insurance backed by it.
MGA report argues over 90% of insurers' AI agent exposure sits as silent cover in existing policies
A report from AIUC, an MGA that sells AI insurance, argues that more than 90% of insurers' exposure to AI agents currently sits unpriced inside conventional cyber, D&O, general liability and tech E&O wordings rather than as affirmative AI cover, and projects roughly $100bn in direct losses. Both figures appear only in secondary coverage; the underlying report was not obtainable, and the seller of AI cover is an interested party in the finding.