The Lloyd's Lab Innovative Market Services Programme was created in partnership with the Lloyd’s Market Association (LMA) and Lloyd’s Market Operations and Strategic Sourcing (LIMOSS) to bridge the gap between operational pain points and real-world solutions. Through targeted proof of Concepts (PoCs), we work with Managing Agents to identify pressing market challenges, source cutting-edge technology, and rigorously test solutions that make a tangible difference. Innovative Market Services creates a safe space to experiment with transformative solutions, testing and validating them without disrupting your operations.
Turning Market Challenges into Market Solutions
A Collaborative Ecosystem
Our success depends on a carefully orchestrated collaboration between key stakeholders:
- Managing Agents: As our front line, Managing Agent insights into daily operational challenges are invaluable. We require honest feedback through direct engagement with our programme and LMA committees. Through involvement with our Market Services programme, Managing Agents can pilot selected solutions and determine if they effectively address pain points.
- LMA: Provides critical market insights to help validate and prioritise challenges based on their impact on efficiency, growth, and key performance indicators.
- LIMOSS: Evaluates the technical aspects of the PoC and supports transitioning proven solutions into elective services available to the entire market, following successful pilots.
- Lloyd's Lab: We coordinate and facilitate the end-to-end process, designing structured proof of concepts and creating pathways from problem identification to potential solution.
How it works
Problem Discovery
Working with the Lloyd's Market Association and Managing Agents, we identify and prioritise the operational challenges that matter most.
Submit a problem statement Scouting
We will scour the market for the most innovative solutions tailored to your specific challenges.
Proof of Concept
Selected technologies undergo structured testing with Managing Agents, proving their value in real market conditions before wider rollout.
Why participate?
- Directly influence solutions to your biggest operational challenges
- Get early access to cutting-edge technology designed for Lloyd's market needs
- Test new approaches in a low risk, structured environment
- Shape market-wide services before broader implementation
Get involved
Have an operational challenge that's holding your business back?
Submit your problem statement Want to pilot a current proof of concept or discuss technology solutions? Contact us below.
lloydslab@lloyds.com
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