Lloyd’s Lab reveals 13 InsurTech joining innovation hub


Lloyd’s, the global marketplace for corporate, commercial and speciality risk today announced the 13 InsurTech firms joining the 10th cohort of its innovation hub, the Lloyd’s Lab.

The global accelerator programme received over 200 applications from 32 countries, of which 13 teams have been selected to form the next cohort of the Lloyd’s Lab, beginning on 24 April 2023.

Each of the teams chosen impressed an expert panel of Lloyd’s and market stakeholders participants.

For the 10th Cohort, Lloyd’s said the InsurTechs have been selected based on solutions geared towards three themes: European Digital and Climate Solutions; Data and Models; and New Products.

Throughout the ten week programme, teams will develop their products with the support of market experts and explore how their innovations can support the Lloyd’s market.

This year for the first time, to increase collaboration between London and European InsurTech sectors, the Lloyd’s Lab has introduced a region-specific theme, with four of the 13 successful teams addressing European Digital and Climate Solutions.

You can the full list of InsurTechs selected for the innovation hub here.

Rosie Denée, Lloyd’s Lab senior manager, said, “We’re thrilled to welcome the new InsurTechs to the Lloyd’s Lab for our 10th Cohort. Together with the expert panel of judges, we were thoroughly impressed with the calibre of the teams who presented at our Pitch Day and have earnt a place in Cohort 10, and the dynamism they’ll bring to the programme. After receiving our highest ever number of international applications and introducing our first regional theme to this cohort, I’m excited to see the dynamism and output that will deliver solutions for our global marketplace.”

A report by Dealroom in 2022 revealed that London climbed ahead of San Francisco and New York to become the world’s biggest center for FinTech investment

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