Innovative InsurTech startups take note - Lloyds Lab wants to hear from you
by Startacus Admin
The award winning Lloyds Lab incubator is currently seeking innovative startups to join its latest cohort, Cohort 6. This time around they are interested in applications from companies who can help the Lloyd’s market with any of the following key challenges:
Climate change/ decarbonisation
For this theme, they’re on the lookout for startups that are offering insurance products to transfer decarbonisation risks, responding to the increasing threat of climate events, offering tools to understand the changing nature of climate risks or who can help Lloyd’s insurers understand the carbon footprint of the clients that they cover.
Geopolitics
As Lloyd’s will be exploring the changing nature of geopolitical risk this year, they are keen to hear from companies that offer new products to help clients manage and transfer these risks, or that have tools to improve the forecasting and modelling of these risks. They’re also interested in companies with services to both manage live events and contain any negative consequences or that offer Index proxies that could form the basis of new parametric triggers.
Data and models
With data being so vital for the underwriting process, Lloyd’s are, as always, really keen to hear from companies that can help them get a more accurate picture of risk to help power smart decision making. Whether that is by perhaps tapping into alternative data sets, finding new data sources or even identifying hidden trends in existing data sets - the key thing is that they’re interested in companies that can help them obtain new insights from both new and existing data.
Future at Lloyd's Theme - Claims Support Services
Within the Future at Lloyd’s theme, they are seeking companies that can assist with a range of services, including, Adjustment automation and Claims surge management tools, Compliance and escalation / dispute management tools, Customer experience insights, Data analytics and reporting tools, Essential wording and document translation services, Fraud detection and investigation, Innovation and change enablers, Smart policy, claim and expert report summarisation, Smart salvage and subrogation, Third-party data enrichment tools and Training and knowledge sharing tools.
Wild Card
If you’ve got an innovative insurance product or service but it doesn’t really fit into the Climate Change or Geopolitics themes, then they’d still like to hear from you! This Wildcard category is for startups just like yours!
Interested in applying?
Applications are now open and must be submitted before midnight on 22 February 2021. A Pitch Day will take place on 31 March 2021 and then the 10-week programme itself will begin on 26 April 2021.
Throughout the programme, there’ll be intensive collaboration between you and the Lloyd’s Lab team and a host of market experts and external mentors. It will all culminate in a Demo Day on 7 July 2021 when the entire cohort will present their innovations and all they’ve achieved during the programme.
If you’re interested in finding out more about what it’s all about, the Lloyds Lab team are holding an Open House event on 4th Feb 2021 where you’ll hear from the Lab and Scouting Team and also from Cohort 5 alumni HazardHub and mentors. Book your ticket now!
Best of luck to all who apply!
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
The lowdown on FuturePlus, the startup that's on a mission to make sustainability accessible, achievable and affordable for all businesses.
.jpg)
John McLachlan, author and co-founder of Monkey Puzzle Training & Consultancy examines the differences between action-oriented and reflective leaders and which approach is best.
The fitness app that's not just about physical fitness; GoJoe helps employers to engage, motivate and connect their people across all pillars of wellbeing.
Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
London-based startup Deep Render tackles the internet’s data and bandwidth challenges via its innovative AI-powered file compression technology.
The lowdown on Dublin-based startup and NUI Maynooth spin-out Neuromod Devices and its innovative evidence-based bimodal neuromodulation treatment for chronic tinnitus.
.jpg)
With the clear shift towards generative AI, Richard Hayes, search director at digital marketing agency Catalyst explores what it means for SEO...
Published on: 14th January 2021
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startup Sook Receives Investment from Tobin Capital 24th May 2023 Tobin Capital continues to expand its portfolio by investing in pop-up marketplace Sook, the startup on a mission to revolutionise the high street.
- L Marks Seeking Startups and Scaleups for Sodexo Healthcare and Seniors Accelerator 23rd May 2023 Sodexo and L Marks open call for applications from innovative startups and scaleups to join their inaugural Sodexo Healthcare and Seniors Accelerator.
- United Utilities Innovation Lab launches call-out for innovative ideas for fifth programme 18th May 2023 Now in its fifth year, North West England water firm United Utilities opens call for Innovation Lab, its pioneering ideas incubation programme.
- OneTech Spins Out from Capital Enterprise to Support Underserved Communities in Tech Across the UK 18th May 2023 Not-for-profit OneTech has spunout from Capital Enterprise to expand its offering and continue its mission of creating a more equitable, diverse and supported startup ecosystem.
