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Why this exists

The world isbeing rebuilton new machines.

Every time a conventional process is re-platformed onto a novel technology, a new interface appears: a securities trade onto a ledger, a decision onto a model, a task onto a machine that moves. The interface is where the risk sits, and it is almost never where the existing policy was written.
The shift
Processes re-platformed onto novel technology
The exposure
The interfaces that appear at the seam
The response
Eliminate, control, then price the residual
The thesis

Insure the residualfailure, not thetechnology.

1B does not take a position on whether a technology will succeed. It takes a position on what remains after the failure modes have been eliminated, controlled and allocated, and prices that.

The great majority of a new exposure can be removed before anyone prices it. What is left is small, economically meaningful, and insurable.

  1. L5Respond
  2. L4Operate
  3. L3Underwrite
  4. L2Model
  5. L1Signal

Evidence returns to the model, the portfolio learns from every event

What is changing

Four seams,one architecture.

The same five-layer control stack that makes settlement insurable generalises across four of the largest emerging exposures in the economy. Each has a real, measurable failure mode. Each is structurally under-served in Europe.
  • Artificial intelligenceA decision moves from a person to a model. The model fails probabilistically, in the tail, and the chain from developer to deployer to operator has to be resolved before the loss, not after it.
  • Digital assetsValue stops being a balance and becomes key material and a register entry. The loss event is a single signature: instant, irreversible and global.
  • Robotics and autonomyA task moves to a machine that decides and moves. Insurance was built around a person operating; when the machine operates, liability, evidence and the unit of loss all change.
  • CryptographyAn encrypted secret rests on mathematics a future computer may break. Data captured today can be decrypted later, which makes the exposure a present one.
Robotics

The machinesare alreadyin the room.

Autonomous system · test cellIDLE
OPERATING ENVELOPE · PERCEPTION SWEEP · PROXIMITY

Autonomous machines are the clearest case, because the change is physical. A robot behind a fence is an equipment risk. The same machine working beside a person is bodily injury, product liability, employers' liability and software failure in a single event, across a fleet that learns.

  • IndustrialOperating profileFixed cell behind a separating safeguard, defined tasksWhat drives the lossMaintenance and intervention, the moments the fence is open
  • CollaborativeOperating profileShared workspace, contact intended and force-limitedWhat drives the lossThe match between the risk assessment and the deployment as built
  • HumanoidOperating profileFree movement in space, in proximity to peopleWhat drives the lossFall, misnavigation, fall energy and an energy-dense battery
  • Autonomous vehiclesOperating profileIn-facility or public-road operation inside a defined envelopeWhat drives the lossDistance travelled inside the envelope, and every metre outside it

None of these is a version of the others. Loss frequency, loss severity and the governing standard differ by class, which is why a single blended rate would over-price the fenced cell and under-price the fleet that walks.

The rules are arriving

  1. ISO 10218-1 and -2:2025, industrial and collaborative robot safety, revised
  2. ISO/TS 15066, biomechanical limits for intended human-robot contact
  3. ISO 25785-1, safety for mobile and humanoid robots, in development
  4. European Parliament report 2015/2103 (2016), proposed a motor-analogous compulsory liability for robots. No mandate exists yet.
What follows

A machine thatmoves needs aninsurer thatwatches.

The motor market answered the same question a century ago: whoever keeps the machine carries the operating risk, liability covers third-party loss, and a hull module covers the machine itself. That structure is available again, this time with telemetry, so the exposure is read continuously instead of declared once a year.

Sources

  • ISO 10218-1/-2:2025, ISO/TS 15066, ISO 25785-1, ANSI/A3 R15.06-2025
  • European Parliament, report 2015/2103 (2016)

Standards are cited as published, including those still in development. 1B does not underwrite a market forecast, it underwrites a bounded residual per machine.

Talk to 1B

The machinesare shipping.The covershould exist.