Cohort: Cohort 8, 2022
Focus in insurance value chain/workflow: Compliance & Regulatory Support
Founded: 2017
Status: Operating, still in insurance
Company type: Software Provider, Data Transformation
Head office: United Kingdom
Main global offices: United Kingdom
Locations served: Global
Employee count: 11-100
Definely provides legal technology solutions for reviewing documents and improving the accuracy of contracts. The company helps clients with drafting legal documents, proofreading and extracting information from digital contracts. Definely’s solutions are used by solo legal practitioners as well as in-house legal teams within large corporations.
Primary way aimed to improve insurance processes and tools whilst in the Accelerator: Ancillary, Accountancy and Regulatory Compliance Services.
Definely's original focus was outside of insurance, but the time spent with the Lloyd’s Lab helped Definely build a new product focused on insurance documentation.
“Without the Lloyds Lab we would never have been able to successfully pivot into the insurance space. As a result, we now work with a number of underwriters and brokers in both the Lloyd's and broader London market.”Rhys Hodkinson, Chief Commercial Officer
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Definely website 
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