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Our twelfth cohort

Meet Cohort 12

Find out which companies pitched at Cohort 12 Pitch Day here

Find out more about Cohort 12

The Lloyd’s Lab is a 10 week fast-track, fast fail programme where new concepts, ideas and products can be tested with the support of experts from the world’s largest insurance and reinsurance market. We are looking for fresh ideas to challenge how we do things and help the Lloyd’s market better serve its customers.

We are accepting applications for Cohort 12 under 3 themes, these are 'New Products', 'Data, Models & Processes' and ‘Building Resilience in an Ever-Changing Americas Landscape’.

To help accelerate these products, the Lloyd’s Lab programme offers:

  • Access to expert mentors and proximity to key advisors, potential trading partners & investors. ‘Building Resilience in an Ever-Changing Americas Landscape’ theme participants will have access to Americas focused specialists.
  • Participants can work out of Lloyd’s in London or wherever best fits their business. Office space will be available at key locations around the Americas for the ‘Building Resilience in an Ever-Changing Americas Landscape ’ theme participants.


1. New Products

Offering new insurance products that helps solve underinsurance or add significant improvements to existing coverages is vital for a sustainable future. We are looking for new insurance offerings that can help our customers become more resilient.

Submissions could include (but are not limited to):

  • Technologies which can help our insurers quantify the exposure to new types of risk, such as intangible assets or the transition to a low-carbon economy
  • Technologies that can help predict when our clients might be about to experience a loss
  • Bundled products – adding insurance to an existing service
  • Parametric products, or products based on smart contracts

2. Data, Models & Processes

For the Lloyd’s market, efficient underwriting depends on continually improving the tools and techniques used to select and assess risks, manage risk portfolios, and optimise the claims handling process. Data is the lifeblood of the underwriting process and, with an ever-increasing range of sources available, we want to make sure we’re looking beyond our core data sets to power smart decision-making in the market.

Submissions could include (but are not limited to):

  • New data sources that highlight high risk policies for more accurate underwriting
  • Predicting future claims based on search engine trends
  • Aggregating existing data sets in new ways to reveal hidden trends
  • Payment solutions automating reconciliation and distribution of payments
  • Documentation processing

3. Building resilience in an ever-changing Americas landscape

In a world faced by the challenges arising from extreme climate change, energy transition and natural catastrophes, it’s never been more important to develop relevant and innovative forms of insurance.

For the first time, the Lab is setting a dedicated theme for the Americas region (the US, Canada, Latin America and the Caribbean). We are looking to explore solutions that help build resilience and protect people, businesses and communities particularly impacted by extreme weather events and/or cybercrime, which also support our society’s transition to a more sustainable future.

Submissions could include (but are not limited to):

  • (Re)Insurance products and services that leverage existing solutions and technologies in an innovative way, to assist with disaster response following an extreme weather or catastrophic event in the region. This could include solutions for geographies that are particularly prone to extreme weather events, but are challenged in terms of affordability and availability of cover.
  • Develop innovative sustainable insurance solutions to support clients through their energy transition journey, promoting renewable energy and energy-efficient and sustainable infrastructure. These solutions can help policyholders manage their climate risk exposure and support the decarbonization transition journey.
  • Data & Models supporting resilience, advanced catastrophe modelling and mitigation.





Applications close

Scouting closes 4 February

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Pitch Day

This is where the shortlisted applicants get to pitch their ideas to the Lloyd's market

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Programme starts

This will be the first week of the new programme

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Demo Day

The teams who made it through will get the chance to show the market what they achieved during the programme

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Contact us

If you have any questions about Cohort 12 or want to be a mentor, please email us: