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Describe Data

Key facts

Cohort: Cohort 2, 2019 

Focus in insurance value chain/workflow: Risk mitigation I Point of underwriting I Loss modelling & analytics 

Founded: 2019 

Status: Operating, still in insurance 

Company type: Data models, Data provider 

Head office: Europe 

Main global offices: Ireland 

Locations served: Global 

Employee count: 1-10 


Describe Data’s product, Kompreno, provides risk and portfolio analysis across a range of business lines. It enables insurers to model both the frequency and severity of future events' using multiple techniques, including machine learning, AI, and Bayesian statistical analysis. Kompreno can also analyse multi-dimensional portfolios supporting risk selection and scenario modelling.  

Lab activity

Primary focus product area whilst in the Accelerator: Improving UW tools and processes I New sources of risk insight - data or models  

Whilst having access to data providers and underwriters in the Accelerator, Describe Data built its prototype of Kompreno, specifically for Directors and Officers insurance products.  

“The first week was incredible. It really brought us up to speed with how Lloyd's works and what the essence of the marketplace is, the history and the etiquette. We then went straight into working and meeting our mentors and trying to get as much out of the process as possible.”
Michael Crawford, Chief Executive Officer and Co-Founder

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