InsurX

Cohort: Cohort 8, 2022 

Focus in insurance value chain/workflow: Placing I Point of underwriting I Policy admin system I Loss modelling & analytics  

Founded: 2020 

Status: Operating, still in insurance 

Company type: Risk exchange 

Head office: United Kingdom 

Main global offices: United Kingdom 

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

Employee count: 1-10 

InsurX is an independent two-sided marketplace for the global corporate and specialty insurance market. InsurX’s platform and data services enable brokers and insurers to digitally trade policies through the InsurX Exchange by algorithmically matching insurer appetite to broker risks. The Exchange allows for full underwriting control and produces real-time reporting on risks bound for InsurX’s customers. 

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.