iCede

Cohort: Cohort 1, 2018 

Focus in insurance value chain/workflow: Placing  

Founded: 2012 

Status: Operating, still in insurance 

Company type: Administration system 

Head office: United Kingdom 

Main global offices: United Kingdom

Locations served: Global 

Employee count: 1-10 

iCede has been designed to manage the end-to-end process for ‘fronting insurers’ to issue a policy in their local market, based on the instructions and price set by another insurer. Policies like these are designed to cover an exposure in a market where the insurer issuing instructions is not permitted to write business. This supports the processes for arranging multinational insurance programmes affected by different laws and languages. 

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

Despite engagement of mentors and interest of several syndicates, iCede encountered various challenges during the Lab programme and did not achieve the desired outcome.