# elseco: Insurance, Dubai, United Arab Emirates

> elseco: elseco is a specialty insurance underwriting platform and Managing General Agent (MGA) based in Dubai, UAE. Based in Dubai, United Arab Emirates.

Source: https://millionrounds.com/startup/elseco (Millionrounds; every figure on the page links to its filing or article)

United Arab Emirates · [Insurance startup](https://millionrounds.com/companies)

# elseco

elseco is a specialty insurance underwriting platform and Managing General Agent (MGA) based in Dubai, UAE.

Email

Funding reported Last round: Venture (Round not Specified)

Insurance Dubai, United Arab Emirates

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Company summary

- **Founded:** 2006 20 years old
- **Team:** 86 51 to 200 people
- **Funding reported:** - none reported
- **Last round:** Venture (Round not Specified) Apr 2018

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for elseco has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About elseco

elseco is a specialty insurance underwriting platform and Managing General Agent (MGA) based in Dubai, UAE.

Founded in 2006 by CEO Laurent Lemaire, the company focuses on underwriting complex risks in the space, aviation, energy, and accident & health sectors. It operates as a fin-tech platform powered by its proprietary AtomTM technology, which supports a full-cycle insurance trading process from policy entry to capital reporting. elseco provides underwriting services and portfolio management for insurance companies, brokers, and capacity providers. Its core offerings include specialty underwriting for technical risks, MGA solutions for building and managing insurance portfolios, and advanced risk management and analytics using big data. The company collaborates with over 70 insurance and reinsurance partners, including Lloyd’s syndicates, to deliver tailored underwriting products for its clients. With offices in major cities like London, Zurich, Paris, and Washington DC, elseco is regulated by the Dubai Financial Services Authority.

## What company datasets say elseco raised

Funding, as reported

The last round reported **Venture (Round not Specified)** Apr 2018

Last round date **Apr 2018**

## The company, in detail

What they build

Known for

clean energy & technology space risk models risk modeling risk quantification space risk analytics fintech platform hightech underwriting expertise data science insurtech in-orbit insurance enterprises space risk management risk forecasting risk models pre-launch risk

Built with from their website

Amazon SES Google Tag Manager Excel Impact parallax.js Squarespace ECommerce Salesforce CRM Analytics Atlassian Microsoft PowerPoint Google Ads Viewport Meta

+8 more

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- **Sector:** Insurance
- **Industry code:** NAICS 524210, SIC 6331
- **Region:** Dubai
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/elseco-d1ba8cb06f)

## Insurance in United Arab Emirates

Startups like it

- [**Democrance** Dubai · founded 2015](https://millionrounds.com/startup/democrance)
- [**Mantas** Dubai · founded 2024](https://millionrounds.com/startup/mantas)
- [**insurancemarket.aetm** Dubai · founded 1995](https://millionrounds.com/startup/insurancemarket-ae)
- [**NGK Hamilton Insurance Brokers** Dubai · founded 2020](https://millionrounds.com/startup/ngk-hamilton-insurance-brokers)

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