Nolana AI, a company specialising in agentic artificial intelligence operating systems for insurance, has been named runner-up at the prestigious ILC ClaimsTech – The Pitch 2026 competition. The event, which highlights emerging technological innovations within the insurance sector, took place at Kennedys in central London on 18 June 2026.
Organised by ILC I Love Claims, the annual competition serves as a platform for innovative technology firms to present solutions to real-world challenges faced by the insurance industry. Following a rigorous multi-stage selection process, which included online qualifying rounds and semi-finals, Nolana was one of five finalists chosen to present in person. These presentations were made to an audience and judging panel comprising over 40 senior claims leaders from prominent insurers such, as AXA, Hiscox, Zurich, Munich Re, and Chubb.
Ultimately, Nolana secured the second-place position, finishing as runner-up out of 30 claims-related technology start-ups that participated in the 2026 competition. Jonathon Valentine, ILC ClaimsTech Sector Lead, commented on the high calibre of entrants, stating that "The standard throughout the day was exceptionally high and the judging process was incredibly close."
This recognition comes as Nolana AI is concurrently undergoing an operational validation phase through Cohort 16 of the Lloyd’s Lab accelerator in London. As part of this programme, Nolana is deploying its AI platform with leading insurers and brokers across the Lloyd’s market. These deployments are designed to tackle operational challenges identified directly by market participants, aiming to reduce manual administration by eliminating repetitive data entry, automating claims lifecycle workflows, accelerating the resolution of dormant claims, and helping insurers release reserves more quickly.
Founded in 2024, Nolana AI develops a venture-backed agentic AI platform specifically for insurance claims operations. The company's technology functions as an intelligent layer over existing claims systems, utilising AI agents to interpret unstructured information, validate data, and automate various workflows. These include tasks such as First Notice of Loss (FNOL), claims creation, routing, and comprehensive lifecycle management, with the goal of shortening cycle times, reducing claims handling costs, and enhancing overall operational efficiency.
The increasing integration of AI within the insurance sector, as showcased by Nolana's success, highlights a broader trend towards digital transformation and automation. For UK businesses, this signifies opportunities for significant efficiency gains and cost reductions, particularly in labour-intensive processes like claims handling. However, it also brings regulatory considerations, with the UK Information Commissioner's Office (ICO) providing guidance on AI governance and the EU AI Act setting a global benchmark for AI regulation, which could influence future UK frameworks. Experts suggest that while AI offers immense potential for economic growth and improved consumer services, careful implementation and robust ethical frameworks are crucial to mitigate risks such as algorithmic bias and data privacy concerns.
Source: Nolana AI