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Key facts

Cohort: Cohort 6, 2021 

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

Founded: 2018 

Status: Operating, still in insurance 

Company type: Data transformation 

Head office: United Kingdom 

Main global offices: United Kingdom 

Locations served: Global 

Employee count: 11-100 


distriBind is curing the insurance industry of its spreadsheet addiction, instead providing a digital workbench that improves and automates the exchange of data, eliminates reliance on spreadsheets and significantly improving data visibility in the insurance industry. It is focused on delegated authority business across all lines of business and regions. distriBind’s solutions enable insurers, reinsurers, brokers and MGAs to transfer and ingest data in their chosen format. 

Lab activity

Primary way aimed to improve insurance processes and tools whilst in the Accelerator: Enhancing back-end data efficiencies  

During its time in the Lab, distriBind gained access to multi-format claims data to train its algorithms and enhance the existing verification engine. distriBind also validated the model of ingestion and transformation across standards (i.e. non-v5.2- compliant bordereaux to v5.2-compliant data). The team also gained valuable insight into claims operational challenges posed by data errors and a lack of visibility. Our claims ingestion module, developed during the Lab, had MVP by Demo Day and is now in production with existing clients. 

​"The experience was transformational for distriBind - we are now a very different company to the one that initially walked into the Lab. It was great to get the increased credibility and publicity from being selected, but the experience itself was also amazing.”
Dave Connors, Founder and Chief Executive Officer

Explore all our alumni

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