Layr, which is based in Atlanta, Georgia, participated in the first cohort of the Lloyd’s Lab and used the opportunity to test their cloud-based solution for providing faster access for small businesses looking to purchase liability insurance.
The InsurTech company has secured an investment from Lloyd’s to develop its solution further. Layr is also exploring potential distribution opportunities with several Lloyd’s syndicates.
The platform bypasses carriers’ APIs and instead uses its proprietary price and appetite prediction engine to match business with the right policies from the right career at the right price. This allows Layr to provide indications for more lines of coverage across more industries in real-time.
