104 Data and models – Alumni profiles Value.Space Focus in insurance value chain/ Activity in the Accelerator COHORT ,  AND COHORT ,  workflow: Point of underwriting Primary focus product area whilst in Specific lines of business supported the Accelerator: Improving UW tools (if applicable): Corporate, SME, and processes Speciality, Reinsurance, Captive, Government Example of benefit of Accelerator to organisation: In Cohort 4, Value. Value.Space delivers satellite-based Space tailored its asset and portfolio- infrastructure risk assessments and level structural integrity audits for the monitoring to underwriters and risk insurance industry. It has been engineers. It specialises in mines, dams, delivering these risk assessments and business property, providing a fast globally to insurers ever since and and low-cost way to assess and monitor raising venture capital funding. After its the structural integrity of assets. time in the Lab, it evaluated that its risk assessments are ten times faster and “ Value.Space built its core product at Lloyd’s Lab Founded: 2022 25 times cheaper than alternative with underwriters and risk engineers, specifically methods of risk assessment. with their needs in mind. That has been invaluable Status: Operating, still in insurance for the company and is a key component in why In Cohort 10, Value.Space developed Value.Space is delivering to the Lloyd’s market, Company type: Data provider a liability model to help insurers across the world today.” Head oce: United Kingdom & Estonia understand how potential risks Reijo Pold, Founder and Chief Strategy Officer shown on asset risk assessments Main global oces: United Kingdom could materialise to a liability loss & Estonia event. This product is designed to help underwriters price policies and Locations served: Global advise clients. Employee count: 11-100 Verisk Maplecroft Focus in insurance value chain/ Activity in the Accelerator COHORT ,  workflow: Risk mitigation, Point of underwriting, Loss modelling & Primary focus product area whilst in analytics the Accelerator: New sources of risk insight - data or models Specific lines of business supported (if applicable): Example of benefit of Accelerator to organisation: Verisk Maplecroft used Verisk Maplecroft provides clients with its time in the Lab to identify and better insight and data on environmental, understand the potential market human rights and political risk. It opportunities in the realm of political combines sustainability, resilience violence underwriting. Having identified and ESG intelligence to create a these opportunities, Verisk Maplecroft coherent global view. Risk exposure then used the remainder of its time to insight is provided at a portfolio, adapt its existing Civil Unrest Index to corporate and asset level. create a global, subnational Strikes, Founded: 2001 Riots and Civil Commotion (SRCC) “Participating in Lloyd’s Lab truly catalysed our index to meet the requirements of the ability to create a new and innovative SRCC Status: Operating, still in insurance insurance industry. product for the insurance industry. The intensive timetable and continuous mentor engagement Company type: Data provider enabled us to move swiftly and confidently from high-level product conceptualisation to bringing Head oce: United Kingdom a viable solution to market unlike anything else that is used by political violence insurers today” Main global oces: United Kingdom James Allan, Head of Corporate Risk Locations served: Global and Sustainability Employee count: 101-200