Lloyd’s, the world’s leading marketplace for insurance and reinsurance, has announced the 12 InsurTech firms joining the 12th Cohort of the award-winning and globally renowned Lloyd’s Lab Accelerator programme.
Receiving record number of applications from over 33 countries, the incoming cohort teams will have access to the Lloyd’s Lab’s extensive network and expertise across a ten-week fast-tracked incubator to develop products and solutions with the support of industry experts.
Recently recognised in the Top 25 start-up hubs across Europe by the Financial Times and Statista, the Lloyd’s Lab’s unique approach to fostering global innovation is helping to tackle some of the world’s biggest challenges.
Progressing the Lab’s mission of supporting innovative insurance solutions across the globe, Cohort 12 focuses on developing solutions to some of the biggest risks faced by businesses and communities in the Americas region such as challenges arising from natural hazard prediction to risks associated with cybersecurity.
Alongside the ‘Americas’ theme, applications were also accepted under two further themes: ‘Data, Models and Processes’ and ‘New Products’. ‘Data, Models and Processes’ aims to tackle challenges through innovative platforms for underwriting progress within the Lloyd's market. ‘New Products’ is dedicated to fostering insurance products that can address underinsurance issues and significantly enhance resilience.