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Geollect

Key facts

Cohort: Cohort 1, 2018 and Cohort 5, 2020 

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

Specific lines of business supported: Corporate  

Founded: 2017 

Status: Operating, still in insurance 

Company type: Data provider, Data consolidator, Data transformation, Software provider   

Head office: United Kingdom 

Main global offices: United Kingdom 

Locations served: Global 

Employee count: 11-100 

Overview

Geollect is a geospatial intelligence company providing insights into weather, health, geopolitical, civil disturbance, criminal activity, and supply chain disruption. Marine insurers use the company’s data portal and insights to better understand risk mitigation, threat levels and compliance adherence in near real time. 

Lab activity

Primary way aimed to improve insurance processes and tools whilst in the Accelerator: New sources of risk insight - data or models  

Geollect refined a new map visualisation tool, Geonius, for tracking non-static risks including marine, aviation and offshore energy. Geonius allows insurers to track the location of assets, visualise exposure values and policy restrictions, identify accumulations and gain insights from historic data. 

Explore all our alumni

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