Diesta

Cohort: Cohort 10, 2023 

Focus in insurance value chain/workflow: Compliance & regulatory support 

Founded: 2022 

Status: Operating, still in insurance 

Company type: Other 

Head office: United Kingdom 

Main global offices: United Kingdom 

Locations served: United Kingdom 

Employee count: 1-10 

Diesta offers a premium processing platform for insurers and brokers. its technology links internal systems and brokers and insurers onto one financial ledger to process insurance premiums. 

Primary way aimed to improve insurance processes and tools whilst in the Accelerator: Ancillary, accountancy and regulatory compliance services  

Diesta developed a customised premium processing demonstration with McGill, Canopius and Faraday specifically for the Lloyd’s Lab.  

In the Accelerator, Diesta published a whitepaper on the state of premium processes in the Lloyd’s Market, and developed three modules of its product to help insurers: 

• Credit Control module developed to assist insurers chase and receive premium payments faster. 
• Technical Reconciliation module developed with live integration to Whitespace to help promote trust in data in policy administration systems. 
• Partner Engage module developed which ensures an efficient workflow on premium processes across the entire distribution chain.