94 Data and models – Alumni profiles Lloyd’s Lab Impact Report 95 Metabiota Focus in insurance value chain/ Activity in the Accelerator Oasis Loss Modelling Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Point of underwriting Framework (LMF) workflow: Point of underwriting, Loss Primary focus product area whilst in modelling & analytics Primary focus product area whilst in Specific lines of business supported the Accelerator: New sources of risk COHORT ,  the Accelerator: Data, product & (if applicable): Speciality insight - data or models Specific lines of business supported service consolidator (if applicable): Example of benefit of Accelerator to Example of benefit of Accelerator to organisation: Metabiota developed organisation: The Lab increased the Metabiota is focused on quantifying a prototype tool for insurers in the Oasis provides an open-source platform profile of Oasis and its objectives in the and mitigating epidemic and pandemic Accelerator, which included a for developing, deploying and executing London Market. It helped to promote risk. It has worked with the insurance customised epidemic warning catastrophe models. It was created to Open Data Standards that Oasis industry to provide data and models system, a COVID risk index for increase the model choice for the (re) curates on behalf of the insurance for epidemic and pandemic insurance exposure management and a risk insurance industry, whilst democratising industry. The Open Results Data products. Metabiota's data and analytics modelling tool for underwriting. risk for developing countries. Oasis’ other initiative that was developed and technology and team, including aims include reducing costs to the released during Cohort 3 is being epidemiological risk models, were industry, increasing innovation, implemented into many organisations. acquired by Ginkgo Bioworks in 2022. Founded: 2008 maintaining open data standards, Founded: 2012 supporting academics, and reducing the Status: Acquired*, still in insurance barriers to entry for firms that want to get Status: Operating, still in insurance Company type: Data provider, their models used within insurance. Company type: Other Data models “The Lab gets your right to the heart of the London market, talking to many of the right people. For us Head oce: United Kingdom Head oce: USA promoting open standards it gave us a great lift.” Main global oces: United Kingdom Main global oces: USA Dickie Whittaker, Chief Executive Officer Locations served: Global Locations served: Global Employee count: 11-100 Employee count: 11-100 *Metabiota’s data and analytics technology and team, the part of Metabiota that participated in the Lloyd’s Lab Accelerator, were acquired by Ginkgo Bioworks in 2022. Moonshot Focus in insurance value chain/ Activity in the Accelerator Orca AI Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Point of underwriting COHORT ,  workflow: Risk mitigation, Primary focus product area whilst in Compliance & regulatory support Primary focus product area whilst in Specific lines of business supported the Accelerator: New sources of risk the Accelerator: New sources of risk (if applicable): Speciality insight - data or models Specific lines of business supported insight - data or models (if applicable): Speciality Example of benefit of Accelerator to Example of benefit of Accelerator to organisation: In the Accelerator, organisation: Since their time in the RequirementONE provides a platform Moonshot developed a risk analytics Orca AI is used to track vessel activity Lab, Orca AI have partnered with a for compliance lifecycle management. solution for insurance companies, using and risks. One of Orca AI’s products, number of investors and launched Users can automatically monitor data on online threats from social media SeaPod, gathers and tracks targets another product, Fleet View, which regulatory developments from industry to assess the risk of terror, organised such as oceanic wildlife, buoys and aims to collate data from millions of bodies, regulators and best practice crime, and violence in the US. The fishing boats that may pose a risk to nautical miles to provide fleet sites in relevant jurisdictions. Through solution provides an overall and a daily ships. Its other product, FleetView, managers with information about using the platform, companies can risk score for locations across the US, can be used by fleet managers to their vessels and feedback to collaboratively manage policies, quantifying the likelihood that threats of monitor the operations of a shipping their crews. procedures, controls, and risks all in Founded: 2015 violence online will translate into fleet. It provides a bespoke risk score Founded: 2018 one place. violence against people or property in to each ship and recommendations Status: Operating, still in insurance the real world. on how to reduce this risk. Status: Operating, still in insurance “We found that Lloyds Market was a very good fit with our mission – to ‘help companies action Company type: Data provider Company type: Data provider regulatory change’. Our regulatory change management solution could quickly be Head oce: United Kingdom Head oce: Israel adapted to individual needs of Lloyds Market Main global oces: United Kingdom, Main global oces: Eastern participants to track and action relevant regulatory developments.” USA Mediterranean Helen Dann, Co-Founder Locations served: Global Locations served: Global and Chief Customer Officer Employee count: 11-100 Employee count: 11-100 © Lloyd’s