InsurX

Cohort: Cohort 8, 2022

Focus in insurance value chain/workflow: Placing, Point of Underwriting, Policy Admin System, Loss Modelling & Analytics

Founded: 2020

Status: Operating, still in insurance

Company type: Technology Provider

Head office: United Kingdom

Main global offices: United Kingdom

Locations served: United Kingdom, United States, Australia, New Zealand, India

Employee count: 11-100

InsurX connects brokers and insurers with smart follow technology so they can accelerate their trading, spend time on the things that matter, and strengthen their relationships with their strategic partners. First, they structure data by codifying insurers' appetites and turning broker submissions into digital risks. Second, they match complex risks with complex appetite with precision. Third, they execute transactions by offering quotes to brokers, bind risks, and generating insights on every transaction.

Primary way aimed to improve insurance processes and tools whilst in the Accelerator: Risk Marketplace.  

InsurX refined its product proposition during its time in the Lab with InsurX applying to become a Lloyd’s Coverholder. InsurX was approved as a Coverholder shortly after the end of its cohort, taking on a number of clients and partners in the following months.