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Key facts

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. 

Lab activity

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

Explore all our alumni

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