Layr

Cohort: Cohort 1, 2018 

Focus in insurance value chain/workflow: Placing | Point of underwriting  

Specific lines of business supported: Gig/Freelance I SME   

Founded: 2016 

Status: Operating, still in insurance 

Company type: Administration system 

Head office: North America 

Main global offices: North America 

Locations served: Global 

Employee count: 11-100 

The Layr platform automates and digitizes manual, day-to-day tasks such as proposal generation for small, commercial broking departments. It provides three products to brokers: service automation; digital rating and placements; access to growth capital. Policyholders can access Layr to buy and manage their policies without needing to speak with their brokers. 

Primary focus product area whilst in the Accelerator: Improving policy and claims admin I Improving UW tools and processes I  Increasing access to insurance  

Layr worked with Lloyd’s broker partners to design its offering for small commercial brokers, reducing the time taken to underwrite from weeks to minutes.