48 Distribution – Alumni profiles Lloyd’s Lab Impact Report 49 Artificial Labs Focus in insurance value chain/ Activity in the Accelerator iCede Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Point of underwriting COHORT , , workflow: Placing Primary focus product area whilst in Primary focus product area whilst in Specific lines of business supported the Accelerator: Improving UW tools Specific lines of business supported the Accelerator: Ancillary, (if applicable): Corporate, SME, and processes, New sources of risk (if applicable): accountancy and regulatory Speciality insight - data or models, Enhancing compliance services back-end data eciencies Example of benefit of Accelerator to Artificial builds technology and software Example of benefit of Accelerator to iCede has been designed to manage the organisation: Despite engagement of tools for commercial insurers and organisation: Artificial built a end-to-end process for ‘fronting insurers’ mentors and interest of several brokers. Artificial provides a cloud-based prototype of its automated data to issue a policy in their local market, syndicates, iCede encountered various algorithmic underwriting platform, as extraction tool, which extracts data based on the instructions and price set by challenges during the Lab programme well as applications that can be built on from email attachments such as PDFs another insurer. Policies like these are and did not achieve the desired top of existing legacy systems or and Excel files, in the Lloyd's Lab designed to cover an exposure in a market outcome. Artificial’s core system. These Accelerator. According to Artificial, this where the insurer issuing instructions is applications include data ingestion, risk tool can reduce the cost of processing not permitted to write business. This triaging, contract builder and an Founded: 2013 complex submissions by 90%. supports the processes for arranging Founded: 2012 underwriting workbench. multinational insurance programmes Status: Operating, still in insurance aected by dierent laws and languages. Status: Operating, still in insurance “ We are lucky to work with so many key individuals who can give us unprecedented access and Company type: Administration Company type: Administration system insights to the London market - this would not system, Data transformation have been possible without the Lloyd's Lab.” Head oce: United Kingdom Alexis Renaudin, Head of Data Science 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: 11-100 Dialogue Focus in insurance value chain/ Activity in the Accelerator Inclusivity Solutions Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Placing, Point of COHORT ,  workflow: Policy admin system, Claims underwriting Primary focus product area whilst in Primary focus product area whilst in the Accelerator: Risk marketplace Specific lines of business supported the Accelerator: Increasing access to Specific lines of business supported (if applicable): Personal, Gig/ insurance (if applicable): Example of benefit of Accelerator to Freelance, SME, Speciality organisation: Dialogue’s initial CPRI Example of benefit of Accelerator to Dialogue is a global e-trading network data standard, developed with partners organisation: Lloyd’s Lab supported during its time in the Accelerator, Inclusivity Solutions is an embedded Inclusivity Solutions’ ideas around for trade credit and political risk enabled the company to deploy initial insurance technology company enabled micro-SME products, which have insurance (CPRI). Transactions routed algorithmic functionality, attracting by an open API-based core policy and launched in Zambia with FNB and through Dialogue’s network must insurance companies that do not claims platforms for consumer, group fintech Instafinance, with many more to conform to its proprietary CPRI data traditionally underwrite credit and micro-SME insurance products in come. During its time in the Lab it standard, either through browser input insurance to start underwriting it. This emerging markets. It works with secured over $1.5 million in funding from or API connection. Dialogue facilitates has now been launched for the benefit insurers and distribution partners such existing investors. algorithmic underwriting so that risks of all brokers, providing credit and as banks, mobile network operators and can be underwritten automatically political risk insurance capacity to fintechs to help deliver simple digital on a digital lead/follow basis. Dialogue Founded: 2017 insurance products such as life, health Founded: 2015 also supports the Lloyd’s Core Data support trade transactions globally. Status: Operating, still in insurance During its time in the Lab, it gained a and property insurance. Status: Operating, still in insurance Record (CDR). significant number of Lloyd’s insurers Company type: Risk exchange as clients. Company type: Administration system “The Lloyd's Lab program was instrumental in Dialogue's development of the world's first lead/ Head oce: United Kingdom Head oce: South Africa follow engine in credit and political risk. This Main global oces: United Kingdom Main global oces: South Africa collaboration led to pioneering innovation, unifying terminology, and enhancing market efficiency.” Locations served: United Kingdom Locations served: Africa Ben Heaney, Founder and Chief Executive Officer Employee count: 1-10 Employee count: 11-100 © Lloyd’s © Lloyd’s