30New products/ MGA – Alumni profilesLloyd’s Lab Impact Report 31 Armilla AI Focus in insurance value chain/Activity in the AcceleratorBlink Parametric Focus in insurance value chain/ Activity in the Accelerator COHORT , workflow: Point of underwriting COHORT ,  workflow: Point of underwriting, Policy Primary focus product area whilst in admin system, Claims Primary focus product area whilst in Specific lines of business supported the Accelerator: AI the Accelerator: Improving UW tools (if applicable): Speciality Specific lines of business supported and processes, Improving claims Example of benefit of Accelerator to (if applicable): Personal, SME process Armilla AI designed two organisation: risk transfer products for AI risks during Example of benefit of Accelerator to Armilla AI focuses on AI assurance and the Accelerator: AI Product Warranty Blink Parametric works with insurers, organisation: In the Lloyd's Lab risk management. Its capabilities include and AI Liability Insurance. During the brands and anity groups to provide Accelerator, Blink Parametric evaluating AI model performance, AI Lab, Armilla AI secured further capacity parametric insurance solutions to developed its "Blink Interruption" audits and due diligence. Armilla AI from Lloyd’s syndicates.consumers worldwide. It provides solution for non-damage business currently works with AI vendors and customisable white-label software interruption (NDBI). Blink Interruption is enterprises to guarantee the quality of solutions enabling companies to embed a white-label parametric insurance their AI products and mitigate risks and is parametric insurance products into their product that uses open banking to looking to become an MGA to oer brand’s propositions, delivering real-time provide small and medium-sized insurance products covering AI risks. Founded: 2020digital assistance to consumers in their Founded: 2016 businesses with fast liquidity after a time of need. Blink Parametric’s core hurricane. Blink Parametric estimates Status: Operating, still in insurancespecialism is travel insurance, where it Status: Operating, still in insurance that the product can reduce average provides real-time solutions for flight claim process time by 95%. Company type: MGA (planned)disruption and lost or delayed luggage. Company type: Administration system Head oce: Canada Head oce: Ireland “ We collaborated with some of the world’s best Main global oces: Canadaminds in insurance innovation. Lloyd’s market Main global oces: Ireland, access was invaluable, offering expert mentors, United Kingdom Locations served: Globalrich data modelling and testing forums within a Programme that has a global reach. Fresh, Locations served: Global Employee count: 11-100challenging, value-focussed, Lloyd’s Lab is essential to the evolution of insurance.” Employee count: 11-100 Sid Mouncey, Chief Executive Ocer Focus in insurance value chain/Activity in the Accelerator Focus in insurance value chain/ Activity in the Accelerator BirdsEyeView Technologies Boxx Insurance COHORT , workflow: Policy admin system, Loss COHORT ,  workflow: Risk mitigation, Point of modelling & analyticsPrimary focus product area whilst in underwriting Primary focus product area whilst in the Accelerator: Climate change/ the Accelerator: Cyber, SMEs Specific lines of business supported decarbonisation, Parametric, Supply Specific lines of business supported (if applicable): SME, Speciality, chain/NDBI (if applicable): Personal, SME Example of benefit of Accelerator to Reinsurance organisation: The Lab was a great Example of benefit of Accelerator to credential that has contributed to BirdsEyeView Technologies is an organisation: Following the Lab, BOXX Insurance (BOXX) is an MGA BOXX’s ability to expand its binder insurance technology company BirdsEyeView has secured contracts providing cyber insurance. Its flagship in Canada and secure London providing digital underwriting with a number of Lloyd’s Syndicates, product, Cyberboxx focuses on cyber Market capacity for its entry into technology and parametric solutions. Brokers, and London Market Insurers. risk management solutions for small and the US market. its time in the Lab This is delivered through its algorithmic London market insurers use medium-sized enterprises (SMEs) and helped form the idea of the All-in-one underwriting engine, RAPTOR. BirdsEyeView’s WEATHER ANALYTIX individuals. It includes threat prediction, BOXX Protect App which combines BirdsEyeView also oers WEATHER technology to calculate their exposure attack prevention and response BOXX’s risk management tools ANALYTIX, a solution that provides to extreme weather, climate & natural services. BOXX also provides insurers, and incident response, making it underwriters with insights into their Founded: 2019catastrophe events. Both brokers and anity partners and larger industry Founded: 2018easier for individuals and SMEs to climate and weather exposures. underwriters use RAPTOR, organisations with white-label solutions stay ahead of cyber threats. Status: Operating, still in insuranceBirdsEyeView’s digital underwriting for cyber protection and insurance Status: Operating, still in insurance platform, to automate their underwriting products. Company type: Data models, and policy administration processes. Company type: MGA Administration system“ Participating in the 4th Cohort of the Lloyd’s Lab was pivotal for BOXX in helping us further Head oce: Canada Head oce: United Kingdomrefine our proposition, with fantastic support Main global oces: Canada Main global oces: United Kingdomfrom our mentors in the Lab on how to make the proposition simple and easily accessible to Locations served: Global Locations served: Globaladdress the needs of the market.” Dominic Steptoe, Global Chief Product Ocer Employee count: 11-100 Employee count: 1-10 © Lloyd’s © Lloyd’s