BelMead Tech (Belvedere Mead)

Cohort: Cohort 1, 2018 

Focus in insurance value chain/workflow: Loss Modelling & Analytics, Claims  

Founded: 2010 

Status: Operating, still in insurance 

Company type: Other, Administration System 

Head office: United Kingdom     

Main global offices: United Kingdom 

Locations served: United Kingdom 

Employee count: 1-10 

Belvedere Mead is a claims consultancy that provides outsourced claims management services to those operating in the London Market. From its experience with the claims process, the company designed its Simplify Claims platform with the main aim of helping service providers such as loss adjusters and lawyers from TPAs to better understand the collaboration of relevant parties on the claim file. 

Primary focus product area whilst in the Accelerator: Improving policy and claims admin I Enhancing back-end Data Efficiencies I Improving Claims Process.

With the support of the Accelerator, BelMead designed its Simplify Claims platform, which aimed to reduce inefficiencies in the claims settlement process. BelMead’s product was paused in 2020 after financial difficulties, but the company says the need still exists for a solution to manage communications in an efficient, open manner for complex multi-carrier claims.