52 Distribution – Alumni profiles 52 Lloyd’s Lab Impact Report 53 Insurercore Focus in insurance value chain/ Activity in the Accelerator Kayna Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Placing COHORT ,  workflow: Point of underwriting Primary focus product area whilst in Primary focus product area whilst in Specific lines of business supported the Accelerator: Risk marketplace Specific lines of business supported the Accelerator: Increasing access to (if applicable): (if applicable): SME insurance Example of benefit of Accelerator to During its time in the Example of benefit of Accelerator to organisation: Accelerator, Insurercore connected organisation: Kayna originally planned Insurercore is an insurance networking with mentors and other participants Kayna provides technology to enable to operate as a regulated insurance service, it provides news and market to progress the development of its insurers and brokers to integrate with entity providing coverage to SMEs. activity as well as allowing users to make search engine service, and make it vertical SaaS platforms to oer embedded Based on work done with Lloyd's new business contacts. Underwriters can ready to take to market. Based on insurance to SMEs. Vertical SaaS market participants during the Lab, it use Insurercore to define their appetites their work in the Lab, Insurercore platforms provide various software decided to pivot its business model to in a search engine used by brokers formed partnerships and received services tailored to a specific industry. become a technology provider, looking to place business. investment from various London Kayna enables insurers to price coverage enabling any insurer or broker to embed Market participants. and update policies based on improved insurance coverage in vertical SaaS Founded: 2015 information about an SME's business Founded: 2021 platforms. operations and changes to those Status: Operating, still in insurance operations. Status: Operating, still in insurance Company type: Other, Product and “Kayna's embedded orchestration layer is the ideal Company type: Administration system service consolidator solution for Lloyd’s coverholders who want to move quickly with no capital expenditure into the Head oce: Ireland Head oce: United Kingdom rapidly growing vertical SaaS sector. Our software Main global oces: Ireland Main global oces: United Kingdom platform partners love the hybrid solution of great fast tech from Kayna and the incredible Locations served: United Kingdom, Locations served: Global experience of the Lloyd’s coverholders.” USA Paul Prendergast, Chief Executive Officer Employee count: 1-10 and Co-Founder Employee count: 1-10 InsurX Focus in insurance value chain/ Activity in the Accelerator Layr Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Placing, Point of COHORT ,  workflow: Placing, Point of underwriting underwriting, Policy admin system, Primary focus product area whilst in Primary focus product area whilst in Loss modelling & analytics the Accelerator: Risk marketplace Specific lines of business supported the Accelerator: Improving policy and (if applicable): Gig/Freelance, SME claims admin, Improving UW tools and Specific lines of business supported Example of benefit of Accelerator to processes, Increasing access to (if applicable): organisation: InsurX refined its insurance product proposition during its time in InsurX is an independent two-sided the Lab and applied to become a The Layr platform automates and Example of benefit of Accelerator to marketplace for the global corporate and Lloyd’s Coverholder. InsurX was digitizes manual, day-to-day tasks such organisation: Layr worked with specialty insurance market. InsurX’s approved as a Coverholder shortly as proposal generation for small, Lloyd’s broker partners to design its platform and data services enable after the end of its cohort, taking on a commercial broking departments. It oering for small commercial brokers, brokers and insurers to digitally trade number of clients and partners in the provides three products to brokers: reducing the time taken to underwrite policies through the InsurX Exchange by following months. service automation; digital rating and from weeks to minutes. algorithmically matching insurer appetite placements; access to growth capital. to broker risks. The Exchange allows for Policyholders can access Layr to buy full underwriting control and produces Founded: 2020 and manage their policies without Founded: 2016 real-time reporting on risks bound for needing to speak with their brokers. InsurX’s customers. Status: Operating, still in insurance Status: Operating, still in insurance Company type: Risk exchange Company type: Administration system Head oce: United Kingdom Head oce: North America Main global oces: United Kingdom Main global oces: North America Locations served: United Kingdom , Locations served: Global United States, Australia, New Zealand, India Employee count: 11-100 Employee count: 1-10 © Lloyd’s © Lloyd’s