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Hailios Selected by Lloyd’s for Exclusive Innovation Accelerator Focused on Covid-19 Response

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Hailios Selected by Lloyd’s for Exclusive Innovation Accelerator Focused on Covid-19 Response

August 13
02:33 2020

Hailios has been selected by Lloyd’s, the world’s leading specialist insurance and reinsurance marketplace, as one of ten InsurTech disruptors to join Lloyd’s Lab innovation accelerator program. Based in Colorado Springs, Colorado, Hailios was selected following a competitive process that included more than 140 applicants from across the world.

Lloyd’s Lab focuses on three key themes: data and models; new insurance products and markets; and response to COVID-19. As part of Lloyd’s fifth cohort, Hailios will have a particular focus on COVID-19 products and solutions to help fast-track bringing these innovative solutions to market, looking at new types of insurance to support the COVID-19 response; helping the Lloyd’s market to assess COVID-19 risks; and helping Lloyd’s customers to adapt to a changing workplace.

Lucas Schiff, CEO of Hailios, shared, “All of us at Hailios are honored and excited to join Lloyd’s Lab cohort five. Now is the time and the Lab is a perfect place to lean into the current COVID-19 reality, one which has wreaked havoc around the world. We’re helping streamline insurance through our remote sensing, IoT technology, and unique data. Together with the mentors at the Lab, we look forward to building upon our parametric insurance experience and creating new insights surrounding hail storms and insurance products with Lloyd’s and their corporate partners.”

Hailios is an IoT and data analytics company that empowers the insurance industry with real-time, ground-truth weather data. As an InsurTech startup, Hailios is already revolutionizing the parametric insurance market with its proprietary Eyewitness sensor, a fully autonomous and wire-free device that collects hyper-local, timestamped weather data from severe thunderstorms.

Trevor Maynard, Head of Innovation at Lloyd’s, said: “I’m thrilled to have the best InsurTechs across the globe join the Lloyd’s Lab and look forward to seeing the progress they make. Lloyd’s has thrived on its purpose of sharing risk and it’s as important now as it has ever been to combine minds and build a braver world.”

The following teams have also been selected for Lloyd’s Lab cohort five, and Hailios will join them in making a difference through innovation, collaboration, and creativity:

RYSKEX provides a blockchain-based ecosystem for Alternative Rysk Transfers and innovative insurance solutions. Its focus is on uninsurable risks in today’s insurance environment.

Hivemind Technologies provides a software platform for managing human-in-the-loop data preparation. Its newest product, AGORA, is a tool for eliciting and aggregating expert judgments using a prediction market mechanism.

Geollect is an agile geospatial intelligence and analysis company, providing dynamic insights for decision support to a network of global clients in the defense, maritime insurance, and cruise industries.

KnowRisk is a consortium of companies bringing the insurance and audit industries together for the first time. The platform builds a digital twin of site and supply chain risk by combining insurance, audit, and internal company data.

Predata is an AI company focused on uncovering predictive behaviors in online activity. The company has built a global comprehensive predictive analytics platform for geopolitical risk, enabling customers with global exposure to discover, quantify, and act upon dynamic shifts in online attention.

Thimble,the business insurance startup known for its monthly and on-demand policies, is developing a low-limit, first-line-of-defense, parametric contingent business interruption coverage to protect SMBs from COVID-19 and future pandemics.

Blink Parametric is focused on parametric insurance innovation and transforming the complex products of its insurance and InsurTech clients into simple, intuitive, real-time, online services via its customizable platform.

HazardHub provides a comprehensive, detailed set of peril risk and property characteristics in a lightning-fast API. They deliver over 800 characteristics for any location in the US, allowing insurers to better understand the risk of a property before committing to an underwriting decision.

Inclusivity Solutions designs, builds, operates, and innovates digital insurance solutions that enable financial inclusion and address the protection gap in emerging markets. They partner with mobile operators, banks, insurance companies, and other financial institutions to deliver simple and affordable insurance cover through mobile phones.

ABOUT HAILIOS

Hailios is an IoT and data analytics company that empowers the insurance industry with real-time, ground truth weather knowledge. Offering complete data transparency, our proprietary technology collects hyperlocal and granular weather data.

Hailios provides the technological back-end to power new insurance products, particularly in parametric products, as well as add new ways to support claims processing. Hailios provides crucial remote sensing capabilities, which is all the more relevant in the midst of COVID-19 disrupting normal operations across industries: https://hailios.com/

ABOUT LLOYD’S LAB

The Lloyd’s Lab is the home of InsurTech and is a leading hub for technology-led innovation, with more than 900 applications from international InsurTechs to join the Lab in its first two years. Successful companies join the Lab for a ten-week program, where they work with insurers in the Lloyd’s market to develop and test their ideas, using the expertise and experience of their mentors to add value to the Lloyd’s market.

Since the launch of the Future at Lloyd’s strategy, the Lab has expanded to promote greater collaboration between Lloyd’s expert underwriters and brokers, customers and capital providers.

ABOUT LLOYD’S

Lloyd’s is the world’s leading insurance and reinsurance marketplace. Through the collective intelligence and risk-sharing expertise of the market’s underwriters and brokers, Lloyd’s helps to create a braver world. The Lloyd’s market provides the leadership and insight to anticipate and understand risk, and the knowledge to develop relevant, new and innovative forms of insurance for customers globally. It offers the efficiencies of shared resources and services in a marketplace that covers and shares risks from more than 200 territories, in any industry, at any scale. And it promises a trusted, enduring partnership built on the confidence that Lloyd’s protects what matters most: helping people, businesses and communities to recover in times of need. Lloyd’s began with a few courageous entrepreneurs in a coffee shop. Three centuries later, the Lloyd’s market continues that proud tradition, sharing risk in order to protect, build resilience and inspire courage everywhere.

Media Contact
Company Name: Hailios Inc
Contact Person: Nicole Anthony
Email: Send Email
Phone: 719-285-9121
City: Colorado Springs
State: CO
Country: United States
Website: https://hailios.com/