Cohort 13 will focus on three themes: New Products, Data, Models & Processes and Building resilience and supporting the transition in a rapidly changing Middle East & Africa (MEA) landscape.
Meet Cohort 13

Artio
Artio will provide insurance products for carbon projects at all stages in their life cycle, through their proprietary data-driven risk model which includes insights via real-time risk monitoring. Artio are developing innovative carbon credit delivery products that cover projects from the earliest stages.
Location: United Kingdom

Asterias
Asterias is a unified platform that enables policyholders and loss adjusters to input and access data through a single portal, ensuring all stakeholders view consistent exposure and loss data via a synchronised dashboard.
Location: United Kingdom

BreachBits
BreachBits is a cyber risk monitoring, testing, and rating company that uses real attacker techniques to achieve scalable and rigorous cyber risk quantification. BreachBits has automated elite U.S. military cyber attacker techniques using artificial intelligence.
Location: United States

Discovermarket
Discovermarket is an InsurTech platform that empowers brokers, insurers, and partners to deploy embedded insurance programs across global markets. They are developing a new product that integrates crop insurance solutions financed by carbon credits earned through sustainable farming practices.
Location: Switzerland

FortuneGuard
FortuneGuard focuses on AI/ML-driven war risk insurance solutions, empowering businesses, and investors to navigate complex geopolitical landscapes. By providing tailored insurance products and cutting-edge risk assessment, they facilitate economic development in high-risk regions and enhance investment security.
Location: Ukraine

Indemni
Indemni is on a mission to secure the future of logistics by eliminating fraud & theft across supply chains. Indemni offers end-to-end anti-fraud & theft prevention solutions that integrate with transport management systems to provide both proactive and real-time risk mitigation to shippers and logistics providers.
Location: United States

Javel Groupe
Javel Groupe have created KEN, a genAI-driven portfolio wording risk management tool. KEN’s wording analytics help you know your portfolio inside out, so you can drive best practice for things you care about and gather strategic intelligence for what you didn’t see coming.
Location: United Kingdom

MyUbuntu Insurance
MyUbuntu Insurance empowers smallholder farmers in Africa by offering innovative parametric insurance solutions that provide quick, weather-triggered payouts to mitigate climate risks. Their mission is to enhance agricultural resilience, secure livelihoods, and promote sustainable development through strategic partnerships and advanced technology.
Location: Malta

StateUp
StateUp is a research and data company providing unique intelligence on the green and technological transitions. We are leveraging sectoral expertise, data, and AI to supercharge the insurability of renewable energy projects.
Location: United Kingdom

Synthetik
Synthetik is a fast-growing technology start-up based in Austin, Texas that provides computational modelling services to international customers including the US Department of Defence, Department of Homeland Security, and the terror and political violence insurance market.
Location: United States
Cohort 13 Teams
Find out more about Cohort 13
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 13 under 3 themes, these are 'New Products', 'Data, Models & Processes' and ‘Building resilience and supporting the transition in a rapidly changing Middle East & Africa 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 and supporting the transition in a rapidly changing Middle East & Africa landscape' theme participants will have access to Middle Eastern and African focused specialists.
- Participants can work out of Lloyd's in London or wherever best fits their business.
Please note that the Lloyd’s market is for large, specialists risks. Therefore please do not apply for the Lloyd’s Lab programme if your product or service is not suitable for the Lloyd’s market, such as it being for the health insurance, pet insurance, travel insurance, life insurance, etc, space (unless it is a true innovation and first in this space).
Themes
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 and supporting the transition in a rapidly changing Middle East & Africa (MEA) landscape
The world and more acutely MEA, is facing challenges arising from extreme climate change, energy transition and natural catastrophes, therefore developing relevant and innovative forms of insurance has never been more critical.
The Lab has set a dedicated theme for the MEA. 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 and/or other technological exposures, which also support our society's transition to a more sustainable future.
Submissions should be focused on commercial lines of business and 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 parametric 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 (re)insurers and their clients through their energy transition journey, promoting renewable energy and energy-efficient and sustainable infrastructure. These solutions or tools can help policyholders measure and demonstrate their transition, manage their climate risk exposure and support the decarbonization transition journey.
- Data, Models & processes supporting resilience, advanced catastrophe modelling and mitigation, solutions to support the energy transition journey.
Timeline
2024
14
Jul
07
Aug
10
Sep
30
Sep
11
Dec
Demo Day
The teams who made it through will get the chance to show the market what they achieved during the programme
Contact us
If you have any questions about Cohort 13 or want to be a mentor, please email us: