KASKO

Cohort: Cohort 4, 2020 

Focus in insurance value chain/workflow: Point of Underwriting, Policy Admin System 

Founded: 2015 

Status: Operating, still in insurance 

Company type: Administration System 

Head office: United Kingdom 

Main global offices: United Kingdom 

Locations served: Europe, United Kingdom 

Employee count: 11-100 

KASKO is an insurance technology company that helps insurers, MGAs and distributors launch and operate digital insurance products faster. Our modular platform enables quote and bind, APIs, digital front ends, product configuration, policy and contract management, and claims, and now includes an LLM-powered frontend builder that helps teams create and adapt insurance journeys more quickly with less development effort. Alongside the platform, KASKO also supports clients with market entry and execution, including EU market access through a regulated German set-up, UK access via a partner structure, and selected commercial services such as distribution support, capacity sourcing and insurance-focused operational advisory.

Primary focus product area whilst in the Accelerator: Improving UW tools and processes I Increasing access to insurance I Product & service consolidator 

KASKO used its time in the Lab to build underwriting workflows that allowed simple risks to be automatically quoted and bound, while referring complex risks to underwriters for manual review and adjustment of quotes and coverages. These manual adjustments were automatically fed back into the digitally supported workflow to reduce the time taken to alter coverages. 

Looking to re-register with Lloyd's in Brussels, one insurance brokerage found more stringent requirements had been placed on how underwriting data was collected, stored and reported. KASKO offered a quick and flexible way to migrate excel-based work into a cloud-based solution with enhanced security, audit trails, reporting tools and flexible workflows.