Cohort: Cohort 6, 2021
Focus in insurance value chain/workflow: Claims
Specific lines of business supported: Corporate
Founded: 2019
Status: Operating, still in insurance
Company type: Data models
Head office: United Kingdom
Main global offices: United Kingdom
Locations served: Global
Employee count: 1-10
SettleIndex analyses litigation risk for lawyers, corporate legal departments and insurers. It helps casualty insurers make data-driven settlement decisions, ultimately aiming to reduce the cost of claims and analyse where the claims process can be improved.
Primary way aimed to improve insurance processes and tools whilst in the Accelerator: Improving claims process
The Lab programme raised SettleIndex’s profile immensely. They identified that the market was not yet ready for financial modelling of litigation risk but were confident that it would adopt the software as panel lawyers use it more and more.
Learn about all our alumni who have take part in the Lloyd’s Lab Accelerator programme.
SettleIndex website
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