ZeroEyes selected for Lloyd's Lab Accelerator Program for Insurtech Innovation

ZeroEyes today announced that it has been selected for the award-winning and globally renowned Lloyd’s Lab Accelerator program. The company was accepted following an in-depth selection process evaluating 270 applicants from over 33 countries.

During the ten-week Lloyd’s Lab program, ZeroEyes will work with Lloyd’s and its expansive insurance network to help develop parametric insurance policies for gun-related violence, to be offered for the first time to schools and commercial entities.

Despite the rising epidemic of mass shootings in the US, there are no widely available parametric insurance policies for gun-related violence. However, these incidents often result in significant financial implications, including facility closures, building repairs, legal fees, loss of personnel, and retention costs.

“ZeroEyes is dedicated to helping its customers proactively prepare for gun-related threats,” said Mike Lahiff, CEO and co-founder of ZeroEyes. “Lloyd’s Lab’s Accelerator program offers us the opportunity to innovate insurance policies, just as we have transformed gun detection. We are honored to be selected for the program and look forward to future partnership opportunities with leading insurance players.”

ZeroEyes' AI gun detection and intelligent situational awareness software layers onto existing digital security cameras. If a gun is identified, images are instantly shared with the ZeroEyes Operations Center (ZOC), staffed 24/7/365 by specially trained U.S. military and law enforcement veterans.

If these experts determine that the threat is valid, they dispatch alerts and actionable intelligence — including visual description, gun type, and last known location — to local law enforcement as quickly as 3 to 5 seconds from detection.