For global insurance brands the risk of litigation over claims or other issues is ever-present. There are lots of ways to monitor that set of risks but one choice is Testudo, here’s the word;
Testudo’s platform actively monitors AI risks using data from litigation. Underwriting and insuring these risks will allow companies to accelerate their AI deployments and manage new liability exposures.
● Testudo’s proprietary database provides a unique, real-world view of growing litigation, regulatory, and incident exposure from enterprise AI use cases.
● Testudo’s technology processes global AI litigation and claims in real time, enabling the quantification and identification of ‘silent’ AI risks.
● The company is working in the Lloyd’s of London’s innovation Lab as part of Cohort 14 and has plans to launch new enterprise insurance products in Q4 2025.
“We are proud to support Lloyd’s Lab start-up Testudo with bringing new data and a unique underwriting approach to AI liability insurance to the Lloyd’s market by connecting them with opportunities that address rapidly evolving risks, resulting in new premium generation and measurable operational efficiency gains across the market,” said Dawn Miller, Chief Commercial Officer and CEO Lloyd’s Americas. “By nurturing innovation from concept to scale, we’re not just developing products – we’re building the future resilience of our industry and cementing Lloyd’s position as the world’s leading insurance marketplace.”
The rapid enterprise adoption of generative AI over the past three years has brought a sharp rise in litigation. Testudo’s proprietary data shows:
● The most litigious states for AI lawsuits (in order) are California, Illinois, New York, Texas and Delaware.
● We see a 23% increase in generative AI lawsuits being filed in Q1 25, versus the same period in 2024
● From Jan 25 – Apr 25, we have seen a 81% increase in generative ai lawsuits being filed, versus the same period in 2024.
● The median awarded damages for a settled AI lawsuit is ~$4 million.
● Copyright and IP infringement lawsuits are not the only risk, despite media headlines. Breach of contract, invasion of privacy, and misrepresentation are the top legal causes of action.
● AI deployed in business application areas such as customer service & support, marketing content creation and recommendation algorithms are significant sources of litigation.
The data also highlights an increasing frequency of insurers in court disputing AI-related claims, many stemming from policies not designed to cover such risks.
Deloitte projects that by 2032, insurers could write $4.7 billion in annual global AI insurance premiums. Testudo’s underwriting approach is differentiated as it does not require invasive internal integrations with an enterprise’s AI systems, models, or tools to price insurance. This makes the approach highly scalable and the company easy to work with. Testudo data will underpin risk scoring and reporting analytics that allow risk teams in enterprises, insurers, or brokers to identify and quantify unknown exposures.
Testudo has been incubated in accelerators including law firm A&O Shearman’s Fuse, FinAccelerate by law firm Jones Day, and enterprise venture accelerator Plug and Play. The team raised a pre-seed round in 2024 from LocalGlobe and A100x, Charlie Songhurst, Goldman Sachs partners and other venture capital scout funds amongst others.
CEO George Lewin-Smith previously led enterprise adoption of emerging technologies in Goldman Sachs businesses in London and later San Francisco. The founding team also deployed AI systems and priced new and novel trading products at Goldman Sachs. Testudo’s Head of Insurance, Mark Titmarsh, has over a decade of experience in underwriting, broking, and bringing innovative products to market in new emerging risk categories.
George Lewin-Smith, CEO and co-founder of Testudo: “Our technology and data allows us to understand, price and underwrite real-world artificial intelligence risks, accelerating enterprise adoption with insurance coverage.”
Mark Titmarsh, Head of Insurance and co-founder of Testudo: “Testudo bridges the specialist underwriting expertise of London with advanced technology from the Bay Area to insure the AI economy.”
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