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.