Close more deals by offering insurance-backed performance guarantee for your AI product
Compensates your clients for financial losses incurred as a result of your AI system's failure to meet the agreed-upon KPIs
Compensates your clients for financial losses due to bias and discrimination caused by your AI system
Compensates your clients for financial losses due to copyright infringement committed by your AI system
Compensates your clients for financial losses due to misinformation or other factually incorrect information generated by your Generative AI system
Provide downside protection to your clients if your AI leads to financial loss
Signal that your AI product is so superior that you will cover your clients’ losses
A company’s internal team may build the exact product you are offering but only you can provide a financial guarantee for its performance.
Compensates yourself for financial losses incurred as a result of your AI system's failure to meet the agreed-upon KPIs
Compensates yourself for financial losses due to bias and discrimination caused by your AI system
Compensates yourself for financial losses due to copyright infringement committed by your AI system
Compensates yourself for financial losses due to misinformation or other factually incorrect information generated by your Generative AI system
Opting for standalone AI insurance, instead of bundled Tech E&O, enhances sales as it becomes a key part of the sales pitch.
Most of the AI Insurance policies such as AI Performance Guarantee helps in gaining your customer's trust, hence, the right time to buy AI Insurance would be before you start your sales efforts or business development efforts or marketing efforts.
For a Generative AI company, an example of performance metric may be factual correctness. The threshold maybe 100% and in this case if the Gen AI produces any factually incorrect text, the loss will be covered. A relevant metric for speech transcription can be Words Error Rate (WER). For a predictive analytics AI, the performance can be accuracy or recall of the predictions, whichever is most crucial in the context the AI is being used.
Generally, an AI company chooses a performance metric that is most relevant to their users/customers.
Sell More with Guaranteed AI Performance