Cohort: Cohort 9, 2022
Focus in insurance value chain/workflow: Point of underwriting
Specific lines of business supported: Corporate I SME
Founded: 2018
Status: Operating, still in insurance
Company type: MGA
Head office: United Kingdom
Main global offices: United Kingdom
Locations served: United Kingdom
Employee count: (11-100)
Anansi underwrites goods in transit insurance for retailers in the UK. It offers policies covering loss, delay and damage with an automated claims experience. Anansi’s insurance is embedded into logistics platforms, enabling retailers to insure shipments and manage claims automatically without manual processes or integrations.
Primary focus product area whilst in the Accelerator: Supply chain/NDBI
During the Lloyd's Lab Accelerator, Anansi adapted its existing goods in transit insurance offering for small and medium-sized enterprises (SMEs) to create a new goods in transit insurance product suitable for covering last mile shipments by large e-commerce retailers. Anansi received capacity from insurers and partnered with seed investors during the cohort.
"Lloyds Lab was transformational for Anansi: we worked with our mentors to adapt our product from focussing on smaller third-party logistics partners serving SMEs to the large retail market. The ongoing support in becoming a coverholder will be instrumental in our scaling journey."Megan Bingham-Walker, Co-Founder and Chief Executive Officer
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Anansi website
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