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Koop Technologies

Key facts

Cohort: Cohort 8, 2022

Focus in insurance value chain/workflow: Point of underwriting 

Specific lines of business supported: Personal I Gig/Freelance I Corporate I SME 

Founded: 2020

Status: Operating, still in insurance

Company type: MGA, Administration system

Head office: North America

Main global offices: USA

Locations served: Global

Employee count: 11-100


Koop Technologies offers insurance products for autonomous vehicles, robotics and other emerging technology risks. Insurance is underwritten within and managed on Koop's administration system which can be integrated into third-party systems via an API. Brokers can use Koop's administration system to fill out applications, generate certificates and undertake renewals.  

Lab activity

Primary focus product area whilst in the Accelerator: mproving claims process

Whilst in the Accelerator, Koop developed a new tool to support its claims management feature on its administration system. At the end of the cohort, we presented our data-sharing API and underwriting technology to carriers. Just six months later, Koop became a coverholder at Lloyd’s with its inaugural robotics insurance program, Singularity Package.  

Explore all our alumni

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