InsurTech innovators wanted for next Lloyd’s Lab cohort
by Startacus Admin
Lloyd’s Lab is back and on the global hunt for the next cohort of InsurTech innovators looking to shape the future of insurance innovation.
Targeted at entrepreneurs and startups able to develop products, platforms and processes that offer technology driven solutions to some of the challenges faced by Lloyd’s, the world’s specialist insurance and reinsurance market company is looking for exceptional ideas across four areas of focus:
-
Powering data-driven underwriting with new insights;
-
Enhancing customer experience;
-
Enabling back-office efficiencies;
-
And creating next-gen insurance products or services.
With the first cohort’s ten-week programme just at an end, the second Lloyd’s Lab cohort will have ten weeks to develop their ideas, with access to a dynamic co-working .png "Lloyd's Lab")
space located in the Lloyd’s building in London, potential investment and the chance to develop products, platforms and processes that will help shape the future of Lloyd’s.
Beginning on 29 April 2019, the selected teams will be supported by world-leading experts in the Lloyd’s market who will offer advice and insight to help develop the ideas for their unique needs.
Led by corporate innovation and early-stage investors specialists L Marks, who have a history of working with some of the worlds’ best-known brands, including, BMW Group, British Airways, Lloyd's of London, Arsenal F.C., and EDF Energy, the global search for Lloyd’s Lab applications will close on 3 February 2019 with the most compelling invited to pitch their ideas on 20 March.
Representatives across the market will then be tasked to choose the ten final startups that will be part of the second Lloyd’s Lab cohort, which will then kick off on 29 April 2019.
The first cohort of Lloyd’s Lab featured ten insurtech focused startups including, CargoSnap, a mobile transportation inspection app, DropIn, an on-demand live video streaming platform to streamline insurance inspections, iCede, a cloud-based platform that enables large insurance companies to interact across borders and ZASTI, an AI technology platform built using proprietary deep learning algorithms.
Lloyd’s Head of Innovation, Trevor Maynard, said:
“The Lloyd’s Lab’s first global talent search drew in almost 220 applications from 36 different countries. Start-ups, entrepreneurs and businesses presented ideas ranging from live-streaming drones for fast risk and disaster assessment, to harnessing the Internet of Things for live cargo tracking, to on-demand insurance for the gig economy.”
Offering startups the chance to develop and validate their idea at scale in partnership with the largest insurance market in the world, Lloyd’s Lab is a great opportunity to develop products, platforms and processes that can help transform Lloyd’s into an increasingly technology-driven market, with potential funding from the Lloyd’s Lab investment pot on offer too.
With applications set to close on 3 February 2019, startups, entrepreneurs and businesses interested in applying for the Lloyd’s Lab should visit www.lloydslab.com where they can read over all the key details and apply.
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.
The lowdown on London-based hearing wellness startup Mumbli and its mission to help businesses provide inclusive spaces for all hearing abilities and preferences.
Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.
Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
.jpg)
With the UK facing a clear digital skills gap, Amy Caton, Digital Talent and Impact Senior Manager at BT Group shares some insights on what businesses should do to close that divide.
The lowdown on Berlin-based Beazy and its innovative solution that helps teams to plan, produce and deliver creative content and helps businesses to connect with talented content creators.
The lowdown on Fluffy, the app offering dog training, 24/7 vet messaging and insurance to give pet owners peace of mind and support them with their pet care responsibilities.
Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
.jpg)
Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.
The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.
Published on: 7th December 2018
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Tech Nation report reveals UK Tech could quadruple in value by 2032 with right conditions 23rd Mar 2023 Tech Nation calls for tangible support to secure capital, talent, growth and exits needed to accelerate the growth of UK tech in decade ahead.
- Neurodiverse learning and training platform Neve shares major six-figure investment opportunity 22nd Mar 2023 Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- OpenSponsorship making its move into the music sector 16th Mar 2023 Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
