CoverVector
Confidence to scale AI.
Clarity to insure it.

CoverVector turns enterprise AI usage into underwriting-grade evidence for assessment, placement, renewal, and carrier evaluation.

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Investor Overview · Seed · Confidential
Underwriting infrastructure for AI risk.
The reference layer for AI risk, used by companies, brokers, and carriers.
CoverVector turns enterprise AI usage into underwriting-grade evidence. It gives companies a clearer view of their exposure and gives the insurance market the information it needs to evaluate, place, and insure AI risk.
Top 10 Broker · Paid Pilot Specialty Broker · LOI Specialty Carrier LOIs ×2 VectorIQ Live Patent Pending
Confidence to scale AI. Clarity to insure it.
Seed Round · $5M · 18-Month Operating Plan
The Problem
AI is widening the enterprise risk surface.
AI risk now sits inside everyday business operations, where a single use case can create exposure across several lines of coverage. Assessing that exposure requires disciplined insurance judgment.
Scenario A · Autonomous vehicles
A fleet of self-driving delivery vehicles operating on public roads.
Scenario B · Agentic finance
An AI agent that approves transactions and moves money with no human in the loop.
Scenario C · Generative AI
A generative-AI assistant that creates content and advice for customers.
Click to step through each scenario; the final step shows the full footprint
EPLI
D&O
E&O
Cyber
Product Liability
Product Recall
Commercial Auto
Contingent BI
Crime
Workers' Comp
Media & IP
Reps & Warranties
Fiduciary
Regulatory Defense
Umbrella & Excess
Companies are deploying AI without a clear risk view, while carriers are holding back from exposures they cannot yet classify, price, or condition.
The Founder
Closing the AI risk coverage gap requires lived experience on both sides.
Rare founder-market fit for a hard insurance problem.
Founder & Chief Executive Officer
Neeren Chauhan
Enterprise AI Leader · Insurance Operator · Engineer
VectorIQ was born from lived experience: as a Chief AI Officer, needing a structured view of AI exposure to scale with confidence and access risk transfer; and as a carrier operator, seeing that underwriters need evidence and a consistent risk record to underwrite it.
ExpertiseMarket AccessIndustry Credibility
Enterprise AI Risk Surface
Scaled enterprise AI: Led production AI across business units.
Built the control foundation: Governance, model risk, data quality, security, interoperability.
Connected AI to operating reality: Adoption, controls, workflow change, executive risk tradeoffs.
Carrier Operating Judgment
Modernized underwriting: Zurich underwriting innovation, Tokio Marine cyber underwriting transformation.
Built specialty distribution: Wholesale, E&S, new business design at Zurich.
Owned operating economics at scale: Allstate omnichannel distribution platform.
Why Now
The conditions that create this market are already in place.
From experiment to production
Enterprise AI has crossed the pilot threshold.
88%
Orgs using AI
29%
F500 buying AI
McKinsey 2025 · a16z 2026
The insurance market is hardening around AI
Exclusions are live. Litigation is accelerating.
978%
Litigation surge
CG 40 47
Exclusions 2026
Gallagher Re 2025 · Verisk ISO 2026
Regulation and board accountability
AI governance is now a critical board-level responsibility.
1,561
AI bills · 45 states
NAIC
Model bulletin live
NCSL 2026 · NAIC 2023
Market · 2030 TAM
$50B+ AI-Risk Insurance TAM by 2030
$1.3T 2030 COMMERCIAL P&C $390B CORE $910B SECONDARY × 50% × 15% $332B MATERIAL AI-EXPOSED $195B CORE $137B SECONDARY × 20% × 10% $53B AI-CONTINGENT TAM $39B CORE $14B SECONDARY
Sources: Swiss Re Sigma 3/2025 · Aon · Marsh · Lockton · ISO CG 40 47/48 · CoverVector model.
The Product
The primitive for AI risk transfer.
VectorIQ creates the structured AI Risk Record: one evidence-graded, coverage-mapped file, a common input consumed by companies, brokers, and carriers.
CURRENT STATE SOC 2 REPORT AI coverage: none 200pp, no AI signal BROKER SUBMISSION "Uses some AI" No scope or evidence COMPLIANCE CHECK Self-attested only No validation RISK QUESTIONNAIRE Generic, not AI Not mapped to coverage COVERAGE ANALYSIS Manual, one-off Not comparable EVIDENCE FILE Inconsistent depth Claims vs. proof unclear MODEL DOCS Incomplete or stale No version lineage UW SUPPLEMENT Narrative only No structured data VectorIQ CANONICAL AI-RISK RECORD EXPOSURE AI use cases, vendors, autonomy, decision impact EVIDENCE Verified / declared / inferred / missing / stale RISK SCORE Five weighted dimensions + confidence band INSURANCE TRANSLATION Claims scenarios, policy lines, exclusions, conditions 62 / 100 ELEVATED CONFIDENCE Tier 2 · ±10 E&O · D&O · Cyber · EPLI · Product · Crime + more Patent Pending Deterministic Traceable Auditable RISK TRANSFER CHAIN Company Know what is material before placement. AI footprint, control gaps, evidence gaps, remediation priorities. Materiality Control gaps Insurability Broker Turn AI exposure into a carrier-ready submission. Coverage gaps, line mapping, evidence file, placement narrative. Submission quality Coverage gaps Speed Carrier Underwrite AI-exposed accounts consistently. Traceable evidence, follow-up questions, conditions, exclusions, portfolio view. Consistency Conditions Portfolio
Why We Win
The moat compounds through workflow, records, and outcomes.
CoverVector sits where enterprise AI exposure becomes assessment, placement, underwriting, remediation, and renewal. That position creates the record system and data exhaust the market does not have today.
01 WORKFLOW POSITION Embedded in assessment, submission, underwriting review, remediation, and renewal. 02 RISK RECORD Each engagement creates a structured pre-loss AI-risk record mapped to coverage and evidence. 03 MARKET FEEDBACK Carrier questions, conditions, exclusions, pricing signals, and bind decisions label the record. 04 DATA ADVANTAGE The dataset gets smarter over time, and eventually links pre-loss posture to claims and loss experience. Better signal pulls more usage. More usage improves the record.
Commercial Model
Broker-led distribution across enterprise AI risk transfer value chain.
CoverVector enters through broker placement workflows, structures enterprise AI exposure into an underwriting-grade record, and supports consistent carrier review over time.
Broker distribution
Broker
Wholesale · Retail · E&S
Brokers use CoverVector where AI exposure affects submission quality, coverage strategy, renewal discussions, and carrier follow-up.
Revenue motion
Broker licensing
Placement commission
Proof today
Top-10 global broker paid pilot
Specialty broker · LOI
Enterprise risk record
Enterprise
CISOs · Risk Officers · GCs
Enterprise accounts provide the evidence needed to evaluate AI usage, controls, vendors, governance, human oversight, and policy-line exposure.
Revenue motion
Paid assessment workflow
Placement & renewal support
Proof today
Fortune 500 demo completed
Assessment workflow live
Carrier underwriting adoption
Carrier
Underwriting · Actuarial · Product
Carriers use the same structured record to review AI exposure, assess appetite, identify conditions, shape exclusions, and compare accounts over time.
Revenue motion
Carrier licensing
Placement commission
Proof today
Specialty carrier LOIs ×2
Strategic global carrier · Active
One underwriting-grade record moving through the broker, insured, and carrier workflow, with broker traction already proving the wedge.
The Vision
Platform licensing is the core revenue driver, supported by placement, assessments, and monitoring.
CoverVector monetizes the AI-risk record through enterprise adoption, broker-led placement, and licensed deployments inside broker and carrier workflows.
Y5 PATH $250M+ revenue potential Records refresh annually, expand across accounts, embed in broker & carrier workflows. $0$45M$90M $1.46M YEAR ONE $19.7M YEAR TWO $88.9M YEAR THREE Licensing Placement Assessment & Monitoring
Confidence to scale AI. Clarity to insure it.
Every transformative technology, from railroads to electricity to the automobile, reached industrial mainstream scale only after the world learned to transfer and manage its risk.

AI will not be the exception. The capital is committed and the capability is real. The risk transfer infrastructure to price and underwrite AI risk is not. CoverVector is building that layer.
Neeren Chauhan Founder & CEO 773.910.8931
CONFIDENTIAL. VectorIQ scoring methodology, data architecture, and risk models are proprietary to CoverVector, Inc. Patent pending. Distribution by unique link only. Do not forward or reproduce.