Cohort: Cohort 8, 2022
Focus in insurance value chain/workflow: Point of Underwriting
Specific lines of business supported: Personal, Gig/Freelance, Corporate, 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.
Primary focus product area whilst in the Accelerator: Improving Claims Processes.
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.
Learn about all our alumni who have take part in the Lloyd’s Lab Accelerator programme.
Koop Technologies website
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