Cohort: Cohort 4, 2020
Focus in insurance value chain/workflow: Point of underwriting
Specific lines of business supported: Corporate I SME I Speciality
Founded: 2013
Status: Operating, still in insurance
Company type: Administration system, Data transformation
Head office: United Kingdom
Main global offices: United Kingdom
Locations served: Global
Employee count: 11-100
Artificial builds technology and software tools for commercial insurers and brokers. Artificial provides a cloud-based algorithmic underwriting platform, as well as applications that can be built on top of existing legacy systems or Artificial’s core system. These applications include data ingestion, risk triaging, contract builder and an underwriting workbench.
Primary way aimed to improve insurance processes and tools whilst in the Accelerator: Improving UW tools and processes I New sources of risk insight - data or models I Enhancing back-end data efficiencies
Artificial built a prototype of its automated data extraction tool, which extracts data from email attachments such as PDFs and Excel files, in the Lloyd's Lab Accelerator. According to Artificial, this tool can reduce the cost of processing complex submissions by 90%.
"We are lucky to work with so many key individuals who can give us unprecedented access and insights to the London market - this would not have been possible without the Lloyd's Lab."Alexis Renaudin, Head of Data Science
Learn about all our alumni who have take part in the Lloyd’s Lab Accelerator programme.
Artificial Labs website
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