64Claims – Alumni profilesLloyd’s Lab Impact Report 65 SettleIndex Focus in insurance value chain/Activity in the AcceleratorYEO Messaging Focus in insurance value chain/Activity in the Accelerator COHORT , workflow: Claims Limited workflow: Claims Primary focus product area whilst in Primary focus product area whilst in Specific lines of business supported the Accelerator: Improving claims COHORT , Specific lines of business supported the Accelerator: Improving claims (if applicable): Corporateprocess (if applicable): Corporate, SME process Example of benefit of Accelerator to Example of benefit of Accelerator to organisation: The Lab programme organisation: In the Accelerator, SettleIndex analyses litigation risk for raised SettleIndex’s profile immensely. YEO Messaging is a secure, private YEO Messaging used its platform to lawyers, corporate legal departments They identified that the market was not messaging platform. It uses biometric develop an incident response system and insurers. It helps casualty insurers yet ready for financial modelling of authentication, encryption, timed for cyber insurance claims, allowing make data-driven settlement decisions, litigation risk but were confident that it messaging and geospatial restrictions policyholders to communicate with ultimately aiming to reduce the cost of would adopt the software as panel to ensure that senders have control brokers, insurers and cybersecurity claims and analyse where the claims lawyers use it more and more.over who receives their message. vendors securely. YEO Messaging process can be improved. claims that the time taken for policyholders to report a cyber Founded: 2019 Founded: 2017 incident reduces from an average of 72 hours to just one hour using the Status: Operating, still in insurance Status: Operating, still in insurance YEO Cyber Solution it developed in Company type: Data models Company type: Other the Accelerator. Head oce: United Kingdom Head oce: United Kingdom Main global oces: United Kingdom Main global oces: United Kingdom Locations served: Global Locations served: Global Employee count: 1-10 Employee count: 1-10 Tautona AI Focus in insurance value chain/Activity in the Accelerator COHORT , workflow: Claims Primary focus product area whilst in Specific lines of business supported the Accelerator: Improving claims (if applicable): process Example of benefit of Accelerator to organisation: Tautona used its time in Tautona is an intelligent automation the Lab to develop a proof of concept company specialising in AI-powered (PoC) model to automate Atrium's solutions for the insurance industry. The delegated authority property claims for company aims to automate tasks the US market. Atrium used this to enter traditionally requiring human cognitive in the North American markets. Since abilities. With Tautona's deep learning this initial PoC, Tautona has significantly technology, insurers can reduce cycle expanded its work within the Lloyd’s times from days to minutes, achieving market as well as internationally nearly zero costs for straight-through Founded: 2017covering claims, underwriting, risk, claims. PolicyGPT, the company's regulatory compliance and broking. flagship AI product, helps to provide Status: Operating, still in insurance insights, operational efficiency and an improved customer experience.Company type: Data transformation, Administration system Head oce: Africa Main global oces: Africa Locations served: Global Employee count: 11-100 © Lloyd’s