Cohort: Cohort 6, 2021
Focus in insurance value chain/workflow: Claims
Specific lines of business supported: Personal I Gig/Freelance I Corporate I SME
Founded: 2019
Status: Operating, Acquired
Company type: Administration system
Head office: North America
Main global offices: USA
Locations served: Global
Employee count: 11-100
Safekeep provides a claims subrogation administration system for motor, property and workers’ compensation, using AI to facilitate straight-through processing for subrogation activities in front and back-offices. Safekeep also created ClaimFlo, a claims processing platform for property and casualty claims.
Primary way aimed to improve insurance processes and tools whilst in the Accelerator: Improving claims process
After their time in the Lab, Safekeep raised a round of seed funding from a number of London Market insurers. In 2022 Safekeep was acquired by CCC Intelligent Solutions to extend its claims management capabilities to include subrogation management.
“We're really proud of the [client] traction we achieved through the Lloyd's Lab”Jeff To, Senior VP at CCC
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Safekeep website
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