Lloyd's Lab announces third round of applications
by Startacus Admin
From data sharing, new insight sources, pricing, risk quantification, product development, next generation claims, through to reducing the burden of compliance and regulation, insurance industry focused tech startups are currently being sought after to join Lloyd's Lab cohort 3.
Lloyd’s Lab is the fast-track experimental environment where new concepts, ideas and products can be tested with the support and active involvement of the world’s leading specialist insurance marketplace.
Predominantly focused on designing tech-driven solutions to meet the unique and rapidly changing needs of the Lloyd’s market - included in their current Future At Lloyd’s 
programme, cohort 3 will aim to collaborate with tech startups that can populate Lloyd’s ecosystem of services including services relevant to the Next Generation Claims Service and the Syndicate in a Box.
Lloyd’s is the world’s specialist insurance and reinsurance market, led by expert underwriters and brokers in more than 200 territories. Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network of over 4000 insurance professionals to grow the insured world – building resilience for businesses and local communities and strengthening economic growth around the world.
For this latest Lloyd’s Lab cohort, relevant applicants will most likely have a team able to deal with the complexities of a global market, from legal expertise through to general support. This is an opportunity for startups to show off their solutions and figure out how it will blend into Lloyd’s own ecosystem.
Working with Lloyd’s mentors the selected teams will have the opportunity to demonstrate how effective their solution will be through a proof of concept or pilot project. Lloyd’s ecosystem of services providing a platform to access the Lloyd’s market and to grow their business.
However, Lloyd’s Lab is not just exclusively for insurance-focused ventures. For example, if you have a great data analytics platform, you could work with Lloyd’s to see how it could help them to understand new risk markets.
Once again, Lloyd’s will collaborate with corporate innovation specialist and early-stage investor L Mark, who run bespoke start-up partnership programmes across industry sectors, including clients such as Arsenal, BMW and International Airlines Group (IAG).
Over the 10-week programme, selected tech startups will receive mentorship from Lloyd’s market experts and senior leadership, a chance to develop their ideas at scale, the opportunity to grow their network within global insurance and the InsurTech sectors, product validation from Lloyd’s stakeholders, potential funding from the Lloyd’s Lab investment pot, and their own desk in a state-of-the-art co-working space located in the iconic Lloyd’s building in London!
Applications close 4th July 2019, with shortlisted startups then invited to a pitch day to present their idea to Lloyd’s senior leadership and market representatives. Startups who are selected for a place in the Lab will then start the programme on September 3rd.
For full details on the type of services Lloyd’s Lab are seeking, simplread over the FAQs and if you're interested in applying, just visit Lloyd’s Lab.
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.
BT reveals new cohort of innovative startups aiming to help solve sustainability challenges in the manufacturing sector.
London-based SaaS startup OutThink has developed an innovative approach to help companies to visualise risk, target interventions and prevent data breaches.
Participants in Catalyst’s Co-Founders programme offered opportunity to avail of a £10,000 proof of concept grant from Techstart to help validate their business idea.
Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
 Tong Gu, Reem Mobassaleh Wyndham and Monik Pham.jpg)
Pact launches its first £30M fund to back early-stage European tech startups using technology for economic inclusion, well-being and climate solutions.
Paris-based startup Immortal Game uses blockchain technology to add a new dimension to the most played board game in the world.
Co-Founders seeking people with innovative ideas and desire to create startups that could change the world for its 2023 programme.
Marketers - want to turn shoppers into customers this Black Friday? Marietta Chatzidiakou, Senior Content Consultant at Digital Ethos shares some tips on how to do just that.
Data from more than 500 companies reveals the core health of SaaS startups and assesses how European companies have performed relative to American counterparts.
The lowdown on Symphony, the startup that'll give you a front row seat to enjoy the finest live performances by some of the most famous orchestras in the world...
Published on: 3rd June 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- BT pushes ahead with new sustainable digital solutions through its Green Tech Innovation Platform 1st Dec 2022 BT reveals new cohort of innovative startups aiming to help solve sustainability challenges in the manufacturing sector.
- Catalyst and Techstart offering startup co-founders the chance to win £10k proof of concept grants 30th Nov 2022 Participants in Catalyst’s Co-Founders programme offered opportunity to avail of a £10,000 proof of concept grant from Techstart to help validate their business idea.
- UK fintech Atoa secures $2.2M pre-seed round as it kills Visa and Mastercard fees for businesses 24th Nov 2022 Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
- Female-led Pact Launches £30m Seed Fund 24th Nov 2022 Pact launches its first £30M fund to back early-stage European tech startups using technology for economic inclusion, well-being and climate solutions.
