Altelium
What is Altelium?
Altelium is a UK-based Managing General Agent (MGA) that specializes in battery insurance, founded in 2019. The company operates globally with a small team and focuses on providing warranties, insurance, and data analytics related to battery health. Their primary clients include electric vehicle (EV) owners and battery energy storage system operators. The core offerings of Altelium include battery health analytics, which provide detailed reports based on individual battery tests. They are recognized for offering extended warranties for EV batteries, allowing for accurate risk evaluation. Additionally, Altelium develops specialized insurance products, including Third-Party Liability insurance for battery energy storage systems, supported by global A-rated insurers. The company also offers consultancy services, leveraging a multidisciplinary team to assist businesses in managing battery-related risks. Alteliums platform integrates insurance, warranty, and predictive analytics to help battery owners and businesses manage performance and risks effectively, promoting the adoption of electric vehicles and renewable energy storage technologies. Their participation in the Lloyd’s Lab Accelerator has further enhanced their market presence in these sectors.
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