ImageFast

Cohort: Cohort 2, 2019 

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

Founded: 1997 

Status: Operating, still in insurance 

Company type: Software provider 

Head office: United Kingdom 

Main global offices: United Kingdom 

Locations served: Global 

Employee count: 11-100 

ImageFast is a technology and consulting firm helping organisations to extract insights from documents and legacy systems. The company has developed Lloyd’s Contract Confidence which helps managing agents, underwriters and brokers to compare and check their Lloyd’s contracts' consistency and quality. 

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

Whilst in the Accelerator, ImageFast worked on new functionality for its Lloyd's Contract Confidence tool, which now helps to reduce: the risk of regulatory fines, the cost and time of manual contract checks, the cost of unintended coverage or bad policy wordings, and the number of claim disputes.