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.
The startup that provides university marketplaces and enables thousands of students to buy and sell stuff on campus.
Rent the Backyard will build a studio apartment in your backyard, splitting the rental profits with you 50/50. Intrigued?
Revive was created to bring new life to coffee waste, collecting and recycling used coffee grounds to create a palm oil alternative!
Chilled beers, wines and spirits delivered in one hour, thanks to Edinburgh-based startup Drinkly.
Bubblebum has had its flagship product named as one of the Most Innovative and Most Attractive at the Child Baby & Maternity Expo in China.
Influencer marketing remains largely unchartered territory for many businesses, so here are some tips for getting it right on the first go.
Step forward Raise Accelerator, Northern Ireland's first privately-run startup accelerator. We chatted to three founders from their first cohort.
Rich Maaghul, CEO of ODEM.io explores the future of education and how disruption will transform the way that we learn...
The app that helps you achieve your goal body with easy to follow workouts for the gym or home.
The London based startup that has safer home care provision as its mission
Published on: 3rd June 2019
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- IAG’s Hangar 51 takes flight with latest innovation programme 31st Jul 2019 The latest Hangar 51 innovation programme is on the hunt for tech startups with a broad range of aviation industry solutions.
- 10 FMCG startups selected for first Seedrs accelerator 24th Jul 2019 10 FMCG startups selected for the 1st Seedrs FMCG accelerator, which aims to help FMCG startups raise capital on the platform
- Startup Leadership Program invites applications for its 9th London cohort 12th Jul 2019 The Startup Leadership Program continues to grow, inviting applications for its 9th London cohort to join the six-month program.
- Latest Zinc Company Builder Programme to transform the quality of later life 9th Jul 2019 Do you want to build a new purpose-driven startup with support from a world-class network of experts?
