Cohort: Cohort 4, 2020
Focus in insurance value chain/workflow: Point of Underwriting, Policy Admin System, Claims
Specific lines of business supported: Corporate, SME
Founded: 2018
Status: Operating, still in insurance
Company type: MGA
Head office: United Kingdom
Main global offices: United Kingdom, USA, Europe
Locations served: USA, Canada
Employee count: 11-100
Loadsure uses predictive AI to underwrite shipped cargo in real time. The company offers domestic and international pay-as-you-go insurance products per load or as an annual policy. Loadsure also provides coverage for hard-to-insure products. The company's technology can be used across the policy lifecycle, including policy management, payments, and digital claims processing. Loadsure's insurance products can be integrated via API into any intermediary’s workflow.
Primary focus product area whilst in the Accelerator: Supply chain/NDBI
Loadsure gained access to new data from its Lab mentors and the wider Lloyd’s market to train its algorithm. Through this, it were able to improve its policy pricing and develop its algorithm which can deliver an underwriting quote in 40 seconds or less for low-complexity, pay-as-you-go cargo insurance. Loadsure also received two series of funding after their time in the Lab.
“The Lloyd’s Lab is instrumental in evolving the London Markets perspective on the role of technology and innovation in the future of insurance - the Lab helped Loadsure to grow at a critical stage; providing access to mentors and insights that helped to guide our journey”.Johnny McCord, Chief Executive Officer and Founder
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Loadsure website 
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