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Key facts

Cohort: Cohort 10, 2023 

Focus in insurance value chain/workflow: Risk mitigation I Point of underwriting I Loss modelling & analytics I Claims 

Specific lines of business supported: Personal I Corporate I SME | Government 

Founded: 2019 

Status: Operating, still in insurance 

Company type: Data models 

Head office: Europe 

Main global offices: Switzerland 

Locations served: Global (inferred) 

Employee count: 1-10 


REOR20 develops flood models by combining computational engineering tools with artificial intelligence methodologies to produce high-resolution models at scale. The company’s models incorporate factors including accumulated water, speed of water movement and duration of flooding which affect how much damage a building sustains from flooding. This could be used to support improved risk mitigation, underwriting and claims management. 

Lab activity

Primary way aimed to improve insurance processes and tools whilst in the Accelerator: New sources of risk insight - data or models I Improving claims process 

As part of the Lab, REOR20 was able to validate its model with access to a large volume of loss data from the marketplace, which in turn began the design process on products to bring the model insights to market.  

​"Being part of Cohort 10 enabled us to get otherwise elusive claims data and talk to dozens of potential users to shape our product. The input we got in these 10 weeks would have taken us years to accumulate without the Lloyd’s Lab!"
​David Schenkel, Head of Product

Explore all our alumni

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