Accredited, Howden and Other A+ Rated Reinsurers Leverage Instnt’s AI to Transform Fraud into an Insurable Risk

March 18, 2025 at 09:00 AM EDT

Groundbreaking Fraud Loss Insurance Solution Redefines Fraud Loss Management by Integrating Proactive, AI-powered Verification and Insurance Protection Against Escalating Financial Risks

Fraud has challenged businesses for decades, costing billions each year, but it no longer has to be an unavoidable cost. Instnt’s first-of-its-kind solution combines insurance-backed protection and AI-led verification to provide a path to recovery, growth, and lasting resilience. Backed by global AM Best A-rated insurers, including Accredited, Howden and others, Instnt’s Fraud Loss Insurance empowers businesses to reduce fraud exposure, approve legitimate customers confidently, and recover quickly when losses occur.

Fraud cost businesses a staggering $485.6 billion globally in 2023 (Nasdaq, 2024). Underwriting fraud loss risk has been a persistent challenge due to the complexity of fraud, variability of losses, layered strategies, and fragmented tools businesses rely on to manage inevitable risks. Fraud Loss Insurance transforms this landscape by allowing businesses to transfer fraud risk to trusted insurers while leveraging AI-driven risk assessment to mitigate financial exposure.

Revolutionary Benefits for Businesses

Fraud Loss Insurance delivers unmatched value by integrating AI technology and insurance-backed recovery into a single solution:

Risk Transfer: Fully underwrite fraud losses, freeing up capital for growth and innovation.
AI-Driven Risk Assessment: Identify patterns of fraudulent activity to inform underwriting and optimize financial protection.
Rapid Financial Recovery: File claims online in minutes and receive payouts within 30 days.
Customer Growth Enablement: Approve more legitimate customers confidently, increasing acquisition and revenue.

"Chief Finance and Risk Officers, along with their teams, can finally add Fraud Loss Insurance to their risk management programs to shift significant losses off their balance sheets and turn risk capital reserves into working capital, fattening margins and growing their business at the pace they desire, for cents on each dollar of loss,” said Sunil Madhu, Founder and CEO of Instnt. "Our capacity providers require robust underwriting, loss mitigation and claims management capabilities for their programs, which we can demonstrate with this new type of insurance coverage, now available from Instnt and your insurance brokers.”

Addressing a Critical Market Gap

Fraud Loss Insurance addresses a long-standing gap in the market by offering a comprehensive solution tailored to the digital economy. Traditional models struggle with the complexity of fraud risk, forcing businesses to juggle siloed verification tools and limited insurance coverage. Instnt’s innovative approach unifies these capabilities, providing organizations with a holistic solution.

"Accredited is excited to partner with Instnt on its innovative fraud loss insurance program, tailored for financial institutions and businesses aiming to manage fraud while fostering growth. Instnt's solution, featuring an AI-managed platform, advanced fraud detection, loss underwriting technology, and automated claims management, is backed by the world's largest reinsurance capacity providers. By combining Accredited's extensive experience, network, and scale with Instnt’s technology-driven approach, we anticipate a highly successful partnership," said Grace Meek, President at Accredited.

Strategic Partnerships with Trusted Industry Leaders

Fraud Loss Insurance is powered by strategic collaboration with global AM Best A-rated insurers. Their financial stability and expertise ensure businesses receive unmatched coverage and reliability.

“At Howden, we’re always looking for new ways to innovate, and this novel and robust protection against authorized push payment (APP) fraud is exciting because it provides both a real-time front-end risk management tool and also an insurance back-stop with A-rated insurers. Instant’s Fraud Loss Insurance is a first and demonstrates how it is possible to be at the forefront of change and better the conventional protections for our financial institution clients,” shared John Greene, Head of the Banks & Wealth team at Howden.

Learn More About Fraud Loss Insurance

Fraud Loss Insurance is now available to businesses seeking to transform their approach to fraud risk management. Visit https://instnt.ai or contact us at hello@instnt.ai to learn more or request a personalized quote.

About Instnt

Instnt is a venture-backed insurance technology business headquartered in New York. Instnt's AI mitigates fraud risks for businesses and transfers residual losses to the insurance market through a unique partnership with global A-rated insurers, saving businesses millions in operational and treasury costs. Instnt was founded by its CEO, Sunil Madhu, serial entrepreneur, founder and former CEO of $5B fraud identity leader Socure. For more information, visit www.instant.ai.

About Accredited

Accredited is a leading transatlantic hybrid carrier, partnering with top-tier MGAs and reinsurers in the U.S., U.K., and Europe. Accredited has an AM Best Financial Strength Rating of A- (Excellent).

About Howden

Howden is a leading global insurance intermediary group with employee ownership at its heart. Founded in 1994, it provides insurance, reinsurance and underwriting services and solutions to clients ranging from private individuals to the largest multinational companies.

The Group operates in 55 countries in Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employs 19,000 people and manages premiums totaling USD 42 billion on behalf of its clients.