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KnowRisk

Key facts

Founded: 2019

Location (head office): London, UK

Other offices : South Africa, US, Senegal

Locations served: Global

Employee count: 10

Overview

KnowRisk is helping insurers with power machine breakdown insurance by providing insights that reduce failures in power assets and improve insurer loss ratios. KnowRisk has commenced its journey to establish a MGA shaped by these insights.

Lab activity

The SAMPRisk / KnowRisk Energy team developed two new products during their time in the Lab: their SAMP Risk Platform as a value added service offering and a Deductible Buy-Down for power generation owners that will be offered by KnowRisk as a nascent MGA. Their SAMP Risk service is live and running for 3 policyholders, with a fourth and fifth policies imminent. The KnowRisk team is in the process of securing capacity for the Deductible Buy-Down product, with clients already lined up. The team had more than 150 productive meetings during their 10 weeks and learnt a great amount of valuable knowledge on how the market works. They said they progressed their growth by “at least a year", in the 10 weeks that they were in the Lab.

Explore all our alumni

Learn about all our alumni who have take part in the Lloyd’s Lab Accelerator programme.