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Key facts

Cohort: Cohort 9, 2022

Focus in insurance value chain/workflow: Point of underwriting 

Specific lines of business supported: Corporate  

Founded: 2019

Status: Operating, still in insurance

Company type: MGA

Head office: United Kingdom

Main global offices: United Kingdom

Locations served: Global

Employee count: 1-10


Altelium is an MGA focused on specialty battery insurance. It offers warranties, insurance and data analytics on battery health, helping battery owners throughout the lifetime of their electric vehicles or battery energy storage systems. Altelium offers its insurance, analytics on battery portfolios and predictive data via its platform. 

Lab activity

Primary focus product area whilst in the Accelerator: Batteries 

The Lab provided Altelium with access to insurance capacity providers and brokers which in turn has led to opportunities for the company in the stationary storage and electric vehicle markets. During Altelium’s time as part of Cohort 9, the company developed a Third-Party Liability product specifically for battery energy stationary storage systems. As a result of this Altelium was able to secure Third Party Liability capacity with a global A rated insurer. 

"It was an honour for us to have taken part in the 2022 programme, and the input from the mentors was world class.”
Ed Grimston, Co-Founder

Explore all our alumni

Learn about all our alumni who have take part in the Lloyd’s Lab Accelerator programme.