Lloyd’s Lab announces InsurTechs joining inaugural Middle East and Africa-focused Cohort

Each of the teams chosen impressed an expert panel of Lloyd’s and market stakeholders with their innovative insurance solutions during a competitive pitch process. The successful teams are:

New Products

Artio

Artio will provide insurance products for carbon projects at all stages in their life cycle, through their proprietary data-driven risk model which includes insights via real-time risk monitoring. Artio are developing innovative carbon credit delivery products that cover projects from the earliest stages.

Discovermarket

Discovermarket is an InsurTech platform that empowers brokers, insurers, and partners to deploy embedded insurance programs across global markets. They are developing a new product that integrates crop insurance solutions financed by carbon credits earned through sustainable farming practices.

FortuneGuard

FortuneGuard focuses on AI/ML-driven war risk insurance solutions, empowering businesses, and investors to navigate complex geopolitical landscapes. By providing tailored insurance products and cutting-edge risk assessment, they facilitate economic development in high-risk regions and enhance investment security.  https://www.fortuneguard.ai/

Indemni

Indemni is on a mission to secure the future of logistics by eliminating fraud & theft across supply chains. Indemni offers end-to-end anti-fraud & theft prevention solutions that integrate with transport management systems to provide both proactive and real-time risk mitigation to shippers and logistics providers.

Data, Models and Processes

Asterias

Asterias is a unified platform that enables policyholders and loss adjusters to input and access data through a single portal, ensuring all stakeholders view consistent exposure and loss data via a synchronised dashboard. https://www.asterias.io/

BreachBits

BreachBits is a cyber risk monitoring, testing, and rating company that uses real attacker techniques to achieve scalable and rigorous cyber risk quantification. BreachBits has automated elite U.S. military cyber attacker techniques using artificial intelligence. https://www.breachbits.com/

Javel Groupe

Javel Groupe have created KEN, a genAI-driven portfolio wording risk management tool. KEN’s wording analytics help you know your portfolio inside out, so you can drive best practice for things you care about and gather strategic intelligence for what you didn’t see coming. http://www.javelgroupe.com/

Synthetik

Synthetik is a fast-growing technology start-up based in Austin, Texas that provides computational modelling services to international customers including the US Department of Defence, Department of Homeland Security, and the terror and political violence insurance market.

Building Resilience in the Middle East and Africa

MyUbuntu 

MyUbuntu Insurance empowers smallholder farmers in Africa by offering innovative parametric insurance solutions that provide quick, weather-triggered payouts to mitigate climate risks. Their mission is to enhance agricultural resilience, secure livelihoods, and promote sustainable development through strategic partnerships and advanced technology. https://seedconsultancy.com/

StateUp

StateUp is a research and data company providing unique intelligence on the green and technological transitions. We are leveraging sectoral expertise, data, and AI to supercharge the insurability of renewable energy projects.  http://www.stateup.co/