Overview
Elseco is a specialty lines MGA underwriting aviation, energy, space, and accident and health insurance risks, operating from the Dubai International Financial Centre (DIFC) with additional offices in London, Zurich, Paris, and Washington DC. The company provides insurance capacity access and underwriting services to carriers, Lloyd's syndicates, and reinsurers through a proprietary technology platform.
The company's core technology offering is the ATOM Insurance Operating System, co-developed with SAP on SAP Core Insurance Suite and S4/HANA. The platform supports automated end-to-end premium-to-claim processing, billing, predictive analytics, and risk pooling. Over 55 insurance and reinsurance companies -- including multiple Lloyd's syndicates and some of the world's largest insurance groups -- use the ATOM platform.
Founded in 2006 and regulated by the Dubai Financial Services Authority (DFSA), elseco employs 83 people across its global offices. In 2026, the company acquired Malakite, a Dubai-based MGA, to broaden its underwriting scope.
Products & Services
ATOM Insurance Operating System
Elseco's core underwriting and administration platform, co-developed with SAP on SAP Core Insurance Suite, S4/HANA, and SAP HANA. The system delivers automated end-to-end insurance processing, risk pooling, predictive analytics, and an e-commerce exchange for agents, clients, and insurers.
Key Features
- End-to-end automated premium, underwriting, and claims workflow
- Big data analytics and predictive modeling powered by SAP HANA
- E-commerce exchange enabling multi-party collaboration
Target Users: Insurance carriers, Lloyd's syndicates, reinsurers, and capital providers
Distribution: Platform access available through elseclub membership
elsework
Underwriting services for global energy insurance, covering Downstream, Midstream, Power, Renewables, Upstream, and Space projects from both operational and construction perspectives.
Target Users: Energy sector operators and specialty risk carriers
elseclub
Membership platform providing insurance companies, Lloyd's syndicates, reinsurers, and capital providers with access to elseco's underwriting infrastructure and market intelligence.
Target Users: Carriers, Lloyd's syndicates, reinsurers, capital providers
At a Glance
- Founded
- 2006
- Headquarters
- Dubai, United Arab Emirates
- Employees
- 51-200
Category & Focus
Links
Last updated: 2026-07-28