44 New products/ MGA – Alumni profiles Lloyd’s Lab Impact Report 45 Parametrix Focus in insurance value chain/ Activity in the Accelerator Skyline Partners Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Placing Point of COHORT , , workflow: Point of underwriting, underwriting, Loss modelling & analytics Primary focus product area whilst in Loss modelling & analytics Primary focus product area whilst in the Accelerator: Cyber, Parametric, the Accelerator: Parametric Specific lines of business supported SMEs, Supply chain/NDBI Specific lines of business supported (if applicable): Corporate, SME, (if applicable): Personal, Gig/ Example of benefit of Accelerator to Example of benefit of Accelerator to During the programme, Speciality, Reinsurance Freelance, Corporate, SME, Speciality, organisation: organisation: The Lloyd's Lab helped Reinsurance, Captive, Government Skyline explored potential applications Parametrix is an MGA and Lloyd’s Parametrix accelerate the launch of its Skyline Partners specialises in creating of parametric insurance for renewable coverholder, underwriting parametric SME insurance product, gain deeper and operating parametric insurance oshore wind, energy, and marine risks. insurance against outages of the cloud, insights on its cloud modelling and solutions for (re)insurance underwriters, Its particular focus was on creating CDNs or e-commerce platforms. Its actuarial analysis, and connect to brokers, anity groups and other coverage for the risk of wind and wave platform automates risk assessment, potential capacity providers. Learning organisations. As structuring and heights causing delays and increasing provides instant quotes, and delivers sessions organised through the Lab calculation agent, Skyline Partners operational costs for oshore payments within days. Parametrix helped the participating and mentoring supports parametric product construction projects. continuously monitors a variety of underwriters to understand new development and execution on behalf of third-party IT services across the globe Founded: 2019 parametric coverage options and how clients, with trigger parameters monitored Founded: 2017 Skyline also developed a parametric to collect granular data on service to leverage technological capabilities to using its proprietary INSDEX platform. ‘Cost of Violence’ insurance product for interruptions which is used to assess risk Status: Operating, still in insurance allow cloud outage risk coverage, as Status: Operating, still in insurance AEGIS London and broker Acrisure for and streamline claims payments. It is well as to be introduced to new risk “ The programme itself was great. But the real US SME clients. The product covers backed by capacity from major A-rated Company type: MGA management tools. benefits of it is what comes afterwards and being Company type: MGA, Data models, previously uninsurable market in the US global insurers. part of the community. One of the reasons AEGIS Administration system and the ‘non-physical damage’ losses Head oce: USA London got in touch with Skyline was because of our involvement in the Lloyd’s Lab. I’d tell any Head oce: United Kingdom incurred following a violent event in or “ We were thrilled to launch our product and work Main global oces: USA, Israel, around clients’ premises. with our partners at Lloyd's." InsurTech considering applying to do so.” United Kingdom, Germany Main global oces: United Kingdom Ori Cohen, Co-Founder and Gethin Jones, Co-Founder and Chief Operating Officer Locations served: USA, Europe, Executive Director Locations served: Global Israel, Japan Employee count: 1-10 Employee count: 11-100 Parsyl Focus in insurance value chain/ Activity in the Accelerator Sola Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Point of underwriting, COHORT ,  workflow: Point of underwriting Claims Primary focus product area whilst in Primary focus product area whilst in the Accelerator: Parametric, Specific lines of business supported the Accelerator: Parametric Specific lines of business supported Supply chain/NDBI (if applicable): Personal (if applicable): Corporate, Speciality Example of benefit of Accelerator to Example of benefit of Accelerator to organisation: Over the course of the Parsyl is a data-powered cargo insurer organisation: The Lab helped Parsyl programme Sola developed a product for essential supply chains in food and develop the new sensor-based Sola is an MGA providing parametric for wind and hail risk, and they further health. Using supply chain data from insurance product for perishable tornado insurance to individuals in the refined their claims product and its sensors and other data sources, marine cargo and secure capacity from US. Sola's Tornado Crisis Coverage acts actuarial model with the understanding Parsyl can more accurately underwrite Ascot, Beazley, CNA Hardy, AXA XL as an add-on to homeowners’ insurance of the data underwriters would like to cargo insurance policies and help and QBE. policies. The company uses National see from the model. During the customers reduce risk. It underwrites Weather Service data to provide Accelerator, Sola partnered with cargo insurance policies globally pay-outs to customers within a matter Lloyd’s for reinsurance. through its managing general of days. underwriter in the US, Lloyd’s Founded: 2018 Founded: 2022 coverholder and Lloyd’s Syndicate “If you want to work with Lloyd's of London 1796. Parsyl leads the Essential Status: Operating, still in insurance syndicates as a startup, the Lloyd's Lab is Status: Operating, still in insurance Consortium, the first consortium for unquestionably the best place to be.” perishable cargo at Lloyd’s. Company type: MGA, Insurer Wesley Pergament, Co-Founder Company type: MGA and Chief Executive Officer Head oce: USA Head oce: North America “Lloyd’s Lab was a pivotal moment in Parsyl’s history. The mentorship and industry exposure we Main global oces: USA Main global oces: USA experienced helped us identify where we could best contribute to forward progress in the industry. Locations served: Global Locations served: USA We celebrate with gratitude and excitement for the Employee count: 11-100 Employee count: 1-10 future of the Lab.” Gavin Spencer, Chief Insurance Officer © Lloyd’s © Lloyd’s