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Lloyd's Tercentenary Research Foundation

We seek to drive greater societal and economic resilience by funding research into the world’s most challenging societal risks.

Our goal is to support and build long-term relationships between individuals, institutions, and the insurance sector to better understand and reduce the “protection gap”.

Our focus is on managing risk.

We’re interested in innovative solutions that address, manage, mitigate or eliminate the kinds of risks that threaten people and the planet.  It’s essential that we are forward thinking in order to anticipate, identify and scope the impact of future risks: political, societal, technological and economic.

This needs the attention of our best academic researchers - from all disciplines - scientists, social scientists, engineers and technologists - so that we invest in the careers of the people who want to address these critical questions.

LTRF does this through three core principles:

  • To support research that has a clear, practical, and positive societal impact.
  • To foster a balanced dialogue through an open and collaborative approach to new research that enables inclusion and realises practical societal impact.
  • To support a diverse community of outstanding academic researchers that collaborate beyond the period of the research project itself.

Lloyd’s has a long track record in contributing to the communities in which we operate, and crucially, helping them to recover from disaster. As a market made up of more than fifty insurance undertakings, we underwrite some of the most exciting innovations, and protect against the impacts of the most devastating catastrophes.  Lloyd’s Tercentenary Research Foundation (LTRF) provides research grants for those who are conducting research into the field of societal risk, with a particular focus on the “protection gap” (the difference between insured losses and economic losses, or uninsured losses).

You can find examples of projects that we have funded below and the application form here. 

We take an open approach to evaluating applications and the quality of the proposal will always be considered paramount in our decision to fund.  Applications for our next funding process will open in 2022.


Our Previous Projects

Utilisation of Parametric Microinsurance to Improve the Financial Resilience of Low‑Income Households in the United States (Oct 2020 – Jun 2021)

Natural disaster risk is escalating around the globe and in the United States. A large body of research has found that lower-income households disproportionally suffer from disasters and are less likely to recover. Parametric microinsurance has been used in many developing countries to improve the financial resilience of low-income households. This paper presents a review of the evidence for implementing parametric microinsurance in the U.S., with spillover lessons for other highly developed countries.

Utilisation of Scenarios in the Insurance Industry and for Developing Countries  (Jan 2018 – Dec 2019)

Two reports were launched offeri valuable insight into how to provide best practice tools for catastrophic shock scenarios which trigger severe losses and adversely impact developing countries.  The reports can be found below and a recording of the podcast produced by the CII to launch the study can be found here.

Agua Salud: Science to advance risk mitigation and land use management in tropical landscapes (March 2017 – March 2019)

We are providing funding to the Smithsonian UK Charitable Trust to support a two year research project led by the Smithsonian Tropical research Institute (STRI). The STRI and partners will develop scenarios for the future of the Panama Canal Watershed, leveraging decades of hydrological and forestry research and data sets. This project will advance understanding of large-scale and long-term implications of land-use choices throughout the tropics and will create a science-based tool to better-inform choices that can minimize negative environmental and economic impacts.  Read other reports from the team: Agua Salud: Opening report.

The role of coastal habitats in managing natural hazards and risk reduction: a multi-disciplinary approach across ecology, economics and engineering

We are providing funding to the University of California at Santa Cruz (UCSC) to support a two year research project to examine the factors that determine the role of coastal and marine habitats in damage reduction from flooding and surge. With project partners (The Nature Conservancy and Wildlife Conservancy Society), the research seeks to explore how nature-based defence systems can be incorporated into policy and industry and to quantify and emphasise the societal value that these ecosystems provide.   Find out more in the following reports: The Global Flood Protection Savings Provided by Coral Reefs, The Value of Coastal Wetlands for Flood Damage Reduction in the Northeastern USA, The Flood Reduction Benefits of Wetlands.

Fulbright – Lloyd’s of London Scholar and Postgraduate Awards

This programme enables British academics wishing to conduct research in areas related to risk to study in the US. The Scholar Award offers funding to study for up to 12 months in a top higher education institute in the US. The award offers the recipient access to the global Fulbright programme with its distinctive enrichment opportunities and scholar benefits package. As a Lloyd’s Fulbright Scholar, awardees will join the global alumni network. Since 2012, Lloyd’s Tercentenary Research Foundation has supported 13 individuals through this programme.

How to apply:

Application for the awards is via the Fulbright Commission website:

During 2020/2021, we are supporting four academics to carry out risk related research. Please click on their names below to find out more about their research.

Freya George While at school, Katy designed a wearable device for earthquake relief as part of the New York Academy of Sciences Junior Academy programme. This strengthened her fascination with the interactions between the human and physical world and drove her to study geography at the University of Cambridge. Global warming is not just a physical manifestation; it is rooted in social systems with widespread implications for society. An internship founded her specific interest in climatic interplay with business. She was shocked at the limited action of companies to adjust to the realities of climate change; rather than resisting change, there are benefits for the private sector in adjusting to a low-carbon economy by facilitating climate mitigation practices. This motivated her decision to study Climate and Society at Columbia. Katy is looking forward to the experience of living and working in New York and continuing to develop her views of environmental management under leading academics while allowing her to study alongside other passionate students. She believes her Fulbright experience will be the foundation of a career in contributing to climate management and having a positive impact on society and the future of our planet.

Jack SeddonBorn in Vietnam and raised in London, Tam is an economist and a policy advisor who will be studying International and Development Economics at Yale. Since her time as an Economics undergraduate at the LSE, her career has evolved significantly. She has developed strategic workforce plans for blue chip clients, overseen employment initiatives in Saudi Arabia’s Ministry of Labour, worked alongside world experts to estimate the size of the Turkish informal economy, and worked on numerous strategic projects at the heart on HM Treasury. She feels grateful to be able to utilise her skills and knowledge through this journey to influence key decision makers and solve some of society’s most pressing issues. Tam’s experience has helped her to realise her passion for putting people at the heart of all economic and policy decisions. She is immensely excited to take this to the next level. At Yale, she plans to focus on the impact of shocks, such as trade and technology shocks on the labour market, and explore the economic opportunities and challenges for policy makers. She is eager to learn from the experts in the field, to strengthen her quantitative skills to support evidence-based policy making, whilst tapping into Fulbright’s rich and diverse network and fully immerse herself in America’s vibrant culture.

Jack SeddonMathematical models of infectious diseases have rarely been more prominent in our lives. Alex’s research uses such models to understand the evolution between disease-causing parasites and their animal or plant hosts. As a Fulbright-Lloyds Scholar he will work with Prof Boots' lab at UC Berkeley to bring together these mathematical models with their expert biological knowledge and data. Alex is proud to be departmental director for equality, diversity and inclusion in the School of Mathematics and Statistics at the University of Sheffield. He is passionate about promoting under-represented groups in mathematics, and he hopes to learn from colleagues at UC Berkeley about how to further promote ED&I, especially in light of heightened gender disparities during the Covid-19 lockdown and the Black Lives Matter movement. He will be travelling to the US with his partner and three young children. This is an unbelievable chance for his family to experience living in another country, and they are looking forward to exploring everything California has to offer.

Jack Seddon Neil is a father of two wonderful boys, professor of political psychology at Liverpool Hope University and a recent visiting fellow to the Changing Character of War Programme at Pembroke College, Oxford. Originally from Northern Ireland, he was awarded his BSc and PhD from the University of Ulster. Neil’s research has focused on studying the mainly unconscious psychological forces behind political violence and his current work examines how psycho-social processes relate to politically motivated violence, primarily looking at Northern Ireland. As a Fulbright scholar Neil will collaborate with researchers at the National Consortium for the Study of Terrorism and Responses to Terrorism (START) at the University of Maryland to explore how insights on disengagement and de-radicalisation from violent extremism gleaned from research in Northern Ireland can be employed to develop or strengthen models of desistance and reintegration, while generating policy recommendations and disengagement interventions. His Fulbright will also provide him with an opportunity to enjoy the different flavours of American culture whilst developing friendships and long-lasting transatlantic collaborations.