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Lloyd’s Lab announces the InsurTechs joining its ninth cohort

27 Sep 2022

Lloyd’s, the world’s leading marketplace for commercial, corporate and specialty risk solutions, has today announced the next nine InsurTech companies that will join the ninth cohort of the Lloyd’s Lab in its ten-week programme. The Lloyd’s Lab brings together InsurTechs, insurers, and brokers to test out new insurance products which address the issues and challenges facing the Lloyd’s market.

The global programme received over 120 applications, from which nine successful teams were selected to form the next cohort of the Lloyd’s Lab, beginning on 26 September 2022. The selected teams impressed an expert panel of Lloyd’s and market stakeholders when presenting their innovative ideas for insurance products and solutions for natural catastrophes, energy and construction, in a competitive pitch process.

The InsurTechs have been selected based on solutions geared towards new products which will help the Lloyd’s market understand its customers’ risks better, respond even faster to incidents and provide an enhanced service.

“Since joining Lloyd’s in May, I’ve been thoroughly impressed with the dynamism, expertise and energy the InsurTechs bring to the programme. I’m excited to see what insights and product solutions the new teams will bring to the Lab to address the challenging issues our industry faces. I’ll be watching closely to see how they progress during their ten-week cohort.”
Dawn Miller, Commercial Director at Lloyd’s

The teams selected for Lloyd’s Lab cohort nine:

  • Kayna – Embedded insurance on ‘Software as a Service’ platforms for Small and Medium sized businesses. They use real-time data from the platforms to build an accurate picture of the business which can then provide more accurate insurance cover.
  • nPlan – A risk transfer product for construction delays. nPlan build artificial intelligence that forecasts and helps prevent delay risk on construction megaprojects, based on the world's largest collection of completed project data. They use this technology to offer an insurance product on delay costs.
  • Altelium – Proprietary end-to-end battery insurtech platform driven by battery data analytics and battery expertise.
  • Innovatrix – deploy cutting edge solutions for intangible risk transfer in the life sciences sector with a mission to encourage and facilitate investment in research and development for the social good.
  • ARMD – have a unique ecosystem of products and services that maximises protection and minimises downtime for tradespeople, whilst simultaneously providing superior risk and underwriting performance for insurers.
  • Yokahu – A new insurance product to protect banks and vulnerable borrowers from major events. This policy will cover costs of loan repayments rather than the full amount borrowed.
  • Anansi – offer embedded goods in transit insurance for e-commerce businesses.
  • OTT Risk – Parametric business interruption insurance using footfall, card transactions, passenger volume and revenue per available hotel room data.
  • Sola – Parametric insurance to cover the underinsurance protection gap after natural disasters, more specifically tornados.

Alongside the announcement of the ninth cohort of the Lloyd’s Lab, Lloyd’s confirm the appointments of Rosie Denée and Iryna Chekanava as senior managers in the Lab.

Rosie joined Lloyd’s in 2020 with oversight of innovation and thought leadership, and will continue to oversee the Lab to support the acceleration of InsurTechs working with the Lloyd’s market. Iryna joins Lloyd’s from InsTech, where she was responsible for commercial performance and programme delivery. In her new role at Lloyd’s, Iryna will focus on broadening the successful innovation within the market by developing a more commercial model for the Lloyd's Lab and accelerating the pace of successful innovation within the Lloyd’s market.

Notes to Editors

  1. Learn more about the Lloyd’s Lab
  2. More news and information available from lloyds.com 


Enquiries to:

UK: 

+44 (0) 20 7327 5111 | pressoffice@lloyds.com

+44 (0) 20 7327 5391 | annie.roberts@lloyds.com

+44 (0) 20 7327 6144 | bud.hedges@lloyds.com


EMEA: 

+44 (0) 20 7327 5721 | elliot.maule@lloyds.com 


Americas: 

+44 (0) 20 7327 6125 | nathan.skinner@lloyds.com


APAC:  

+65 6870 9227 | suganthy.selva@lloyds.com    


About Lloyd’s

Lloyd’s is the world’s leading marketplace for commercial, corporate and specialty risk solutions. Through the collective intelligence and expertise of the market’s underwriters and brokers, we’re sharing risk to create a braver world. 

The Lloyd’s market offers the resources, capability and insight to develop new and innovative products for customers in any industry, on any scale, in more than 200 territories. 

We’re made up of more than 50 leading insurance companies, over 380 registered Lloyd’s brokers and a global network of over 4,000 local coverholders. Behind the Lloyd’s market is the Corporation: an independent organisation and regulator working to maintain the market's successful reputation and operation.

We’re working to build solutions for the most current and prevalent threats. As Chair of the Insurance Task Force for HRH The Prince of Wales’s Sustainable Markets Initiative, Lloyd’s is bringing the industry together to insure the transition to net zero. Our research community is pooling expertise from across the industry to provide cutting edge insight on systemic risks from climate change to cyber security.

And through our digital-led strategy, The Future at Lloyd’s, we’re making it easier and cheaper to place, price and process cover in the Lloyd’s market.