86 Data and models – Alumni profiles Lloyd’s Lab Impact Report 87 Falkonry Focus in insurance value chain/ Activity in the Accelerator Gabriel Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Risk mitigation, Point of COHORT ,  workflow: Risk mitigation underwriting Primary focus product area whilst in Primary focus product area whilst in the Accelerator: New sources of risk Specific lines of business supported the Accelerator: New sources of risk Specific lines of business supported insight - data or models (if applicable): insight - data or models (if applicable): Corporate Example of benefit of Accelerator to Example of benefit of Accelerator to organisation: Prior to their experience Gabriel provides early detection alerts to organisation: Gabriel has brought Falkonry provides a suite of AI tools in the Lab, Falkonry had very little risk-reducing and resilience-enhancing to continuously monitor assets and reduce risk and improve resilience of engagement with the insurance insureds. The solution is currently focused technology to two syndicates: one processes within factories, plants market. Before joining, the team had selling active assailant cover and vessels. Through the company’s on active assailant threats, but is relevant a developed a thesis about how their for a wide range of natural and man-made (technology being provided for their platform and sensor data from clients, data could be used in the underwriting insureds) and the other is launching a Falkonry identifies anomalies and events. Gabriel’s software provides danger process which they planned to test alerts, live video streams, interactive floor new tech-enabled preventative alerts clients to the earliest sign of over the course of the programme. insurance product which is powered any developing issues. plans and in-building communication with Following discussions and guidance security teams and law enforcement. This by Gabriel’s technology. Founded: 2012 from their mentors, the team began to helps to either stop threats before they Founded: 2018 “ Our time in the Lab provided invaluable look at their product from a risk exposure to the market for our finance Status: Operating, still in insurance impact lives and businesses or it reduces Status: Operating, still in insurance automation platform and revealed the management perspective and how the longevity and impact of an incident. extent of the challenge faced by all Company type: Data provider, their product could be used by Company type: Data provider Lloyd’s syndicates in dealing with high Data transformation industrial clients, risk management “ The Lloyd's Lab put Gabriel on the fast track to operating costs and legacy systems that consultancies and captive insurers uncovering the right insurance fit to deliver on our Head oce: Israel hamper future growth and profitability.” Head oce: North America rather than the traditional insurance core mission of saving lives through smart carriers. technology. By quickly engaging with the entire Main global oces: Eastern Stuart Conibear, Chief Commercial Officer Main global oces: USA Mediterranean marketplace, we found the syndicates, underwriters, risk managers and insurds where Gabriel can make Locations served: Global the world of a difference. I'm proud to share now we Locations served: Eastern can reduce risk and protect precious lives with Mediterranean, USA Employee count: 11-100 smarter active assailant cover from Lloyd's.” Employee count: 11-100 Yoni Sherizen, Co-Founder FireBreak Focus in insurance value chain/ Activity in the Accelerator Geollect Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Risk mitigation, Point of COHORT ,  AND COHORT ,  workflow: Risk mitigation, Compliance underwriting Primary focus product area whilst in & regulatory support Primary focus product area whilst in the Accelerator: Improving UW tools the Accelerator: New sources of risk Specific lines of business supported and processes, New sources of risk Specific lines of business supported insight - data or models (if applicable): Personal insight - data or models (if applicable): Corporate Example of benefit of Accelerator to Example of benefit of Accelerator to organisation: Geollect refined a new FireBreak provides a mobile app for organisation: FireBreak left the Lab Geollect is a geospatial intelligence map visualisation tool, Geonius, for self-inspection of property wildfire risk. at the end of cohort 10, earlier in 2023. company providing insights into tracking non-static risks including The app provides users with the best After working closely with mentors and weather, health, geopolitical, civil marine, aviation and oshore energy. actions that can be taken to mitigate the other InsurTechs in the Accelerator, disturbance, criminal activity, and Geonius allows insurers to track the risk to their properties. Insurers can use they continued to develop their app supply chain disruption. Marine location of assets, visualise exposure the submitted data and images for and are currently experiencing such insurers use the company’s data values and policy restrictions, identify underwriting and risk selection, to sell high demand that there is a waitlist for portal and insights to better accumulations and gain insights from coverage, and verify eligibility for their services. understand risk mitigation, threat historic data. mitigation discounts required by the Founded: 2022 levels and compliance adherence Founded: 2017 California Department of Insurance. in near real time. Status: Operating, still in insurance Status: Operating, still in insurance “Lloyd's Lab accelerated years of product requirements research. The Lab matched us Company type: Data provider Company type: Data provider, Data with innovation-seeking mentors from the consolidator, Data transformation, Lloyd’s insurance market. We met our mentors Head oce: North America Software provider weekly, refined our product to meet their Main global oces: USA companies' requirements, and secured five Head oce: United Kingdom proof of concept projects in 10 weeks.” Locations served: USA Main global oces: United Kingdom Tac Leung, Co-Founder Employee count: 1-10 Locations served: Global Employee count: 11-100 © Lloyd’s