About elseco
elseco is a Financial Services company based in Dubai (United Arab Emirates) founded in 2006 by Laurent Lemaire. It operates as an insurance underwriting services are provided in Dubai. elseco has completed 1 acquisition, including Malakiteuw. Its chief executive is Laurent Lemaire. elseco offers products and services including ATOM Insurance Operating System, Underwriting Tools, and Data Analytics Services. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Software for Insurance Intermediaries. Its competitors include Ledgebrook, Joyn Insurance, Optio Group, Insurance Quantified and BondCenter and 4 more; 4 of its 9 listed competitors have raised funding.
Company details
Elseco was established in 2006 in Dubai, United Arab Emirates, as a provider of insurance underwriting services. Operations are centered on the insurance sector, with underwriting processes handled for various clients. The company is led by Founder and CEO Laurent Lemaire. Services are delivered primarily in the UAE region, supporting risk assessment and policy issuance needs. Accessibility is maintained through the domain else.co.
- Investments & Acquisitions
Products & Services of elseco
elseco offers a comprehensive portfolio of products and services, including ATOM Insurance Operating System, Underwriting Tools, and Data Analytics Services.
Platform for quantifying and underwriting complex risks
Tools to forecast and manage evolving high-tech risks
Services providing insights for insurance solutions
People of elseco
6 people are tracked at elseco (3 in leadership, 3 in team).
| Name | Role | Group |
|---|---|---|
Laurent Lemaire | Founder & CEO | Leadership |
Romain Loubeyre | Group Deputy CEO | Leadership |
Olivier Marre | Chief Underwriting Officer | Leadership |
Damira Mullina | Internal Operations Lead | Team |
Shanker Madhu | Operations Specialist | Team |
Ahmed Amin | Aviation Underwriting Specialist | Team |
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Investments & Acquisitions by elseco
elseco has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Malakiteuw.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Recruitment marketing and employer branding solutions are provided to organizations. | malakiteuw.com | – | 0 | Feb 2019 | •••• |
Complete acquisition details for elseco
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Timeline of elseco
2 dated milestones of elseco across 13 years, from founding to its latest funding, stage changes and deals.
- Founded elseco is founded.
- Acquisition Acquires Malakiteuw.
Competitors of elseco
elseco has 9 listed competitors in our database, 4 of them funded. They include Ledgebrook, Joyn Insurance, Optio Group, Insurance Quantified and BondCenter, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ledgebrook.com | 2021 | Boston, United States | $114.8M | – | Insurance underwriting research solutions are provided to brokers. | |
| joyninsurance.com | 2020 | New York, United States | $17.7M | – | Provider of insurance underwriting services | |
| optiogroup.com | 2011 | London, United Kingdom | – | – | Claims consulting and insurance underwriting services are provided. | |
| insurancequantified.com | 2017 | Ann Arbor, United States | – | – | Offers AI-powered data ingestion and analytics for property and casualty underwriting. | |
| bondcenter.com | 2022 | Austin, United States | $500,000 | – | Offers an automated bonding solution tailored for insurance agents. | |
| favershamunderwriting.com | 2013 | London, United Kingdom | – | 4 | Online insurance underwriting solutions are provided to brokers. | |
| aurenity.com | 2022 | West Hartford, United States | – | – | Offers excess and surplus insurance via brokers, partnerships, and technology expertise. | |
| qubituw.com | 2023 | Hong Kong, China | – | – | Insurance products for digital assets are underwritten by Qubit. | |
| findevor.ai | 2024 | New York, United States | $500,000 | – | AI-based data analyst platform is developed for investment optimization. |
Detailed competitors of elseco
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Web traffic of elseco
The website of elseco (else.co) receives about 3.1K visits a month.
- Monthly visits3.1K
▲ 331.8% vs previous month
Top companies in Insurance Technology & Support Services
10 companies that operate in the same segment as elseco (Insurance Technology & Support Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Insurance products for vehicles, health, travel, and life are offered. | 2016 | Bengaluru, Karnataka, India | USD 746.17 M | USD 216.04 M | 1,306 | |
Auto insurance is delivered via app to individual drivers. | 2017 | London, England, United Kingdom | USD 161.3 M | USD 369.88 M | 625 | |
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | – | USD 1.48 B | 226 | |
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | – | – | |
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | – | 699 | |
Satellite-based imaging solutions are provided using synthetic aperture radar. | 2016 | Palo Alto, California, United States | USD 233.99 M | – | 191 | |
API-enabled insurance distribution platform is provided for B2C companies. | 2011 | Noida, Uttar Pradesh, India | USD 120.6 M | – | – | |
AI and microsatellite-based imaging solutions are developed for data monitoring. | 2014 | Espoo, Uusimaa, Finland | USD 1.25 B | USD 111.51 M | 1,156 | |
Software suite for insurance distribution and management is provided. | 2014 | New York, New York, United States | USD 354.55 M | USD 21.6 K | 649 | |
AI-enabled driver monitoring and fleet safety management solutions | 2015 | Palo Alto, California, United States | USD 215 M | – | 109 |
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Related news about Elseco
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Frequently Asked Questions about elseco
elseco was founded in 2006.
elseco is headquartered in Dubai, United Arab Emirates. It is registered at Dubai, Dubai, United Arab Emirates.
Laurent Lemaire is the current CEO of elseco. They have also founded this company.
Elseco was established in 2006 in Dubai, United Arab Emirates, as a provider of insurance underwriting services. Operations are centered on the insurance sector, with underwriting processes handled for various clients. The company is led by Founder and CEO Laurent Lemaire. Services are delivered primarily in the UAE region, supporting risk assessment and policy issuance needs. Accessibility is maintained through the domain else.co.
elseco's top competitors include Ledgebrook, Joyn Insurance and Qubit.
elseco offers ATOM Insurance Operating System, Underwriting Tools, and Data Analytics Services.
elseco has made 1 acquisition, including Malakiteuw.