Cohort: Cohort 1, 2018
Focus in insurance value chain/workflow: Point of underwriting I Claims
Specific lines of business supported: Corporate I Speciality
Founded: 2018
Status: Operating, still in insurance
Company type: MGA, Insurer
Head office: USA
Main global offices: USA
Locations served: Global
Employee count: 11-100
Parsyl is a data-powered cargo insurer for essential supply chains in food and health. Using supply chain data from its sensors and other data sources, Parsyl can more accurately underwrite cargo insurance policies and help customers reduce risk. It underwrites cargo insurance policies globally through its managing general underwriter in the US, Lloyd’s coverholder and Lloyd’s Syndicate 1796. Parsyl leads the Essential Consortium, the first consortium for perishable cargo at Lloyd’s.
Primary focus product area whilst in the Accelerator: Parametric I Supply chain/NDBI
The Lab helped Parsyl develop the new sensor-based insurance product for perishable marine cargo and secure capacity from Ascot, Beazley, CNA Hardy, AXA XL and QBE.
"Lloyd’s Lab was a pivotal moment in Parsyl’s history. The mentorship and industry exposure we experienced helped us identify where we could best contribute to forward progress in the industry. We celebrate with gratitude and excitement for the future of the Lab."Gavin Spencer, Chief Insurance Officer
Learn about all our alumni who have take part in the Lloyd’s Lab Accelerator programme.
Parsyl website 
Explore all our alumni