If you would like to get in contact with the Lab, please email us at firstname.lastname@example.org
To get the best response to your emails, Lloyd’s may ask the supplier to the Lloyd’s Lab (LMarks) to respond to you. To achieve this Lloyd’s will need to forward your contact details, and indeed your email, on to them.
By emailing Lloyd’s you are consenting both to Lloyd’s forwarding your contact details and/or email to LMarks, and to LMarks contacting you directly, for the purposes of responding to your inquiry/application.
Applications are all reviewed by multiple people against our scoring criteria:
Team. e.g. Do they have the skills and commitment they would need to excel at what they claim to do?
Product. e.g. Does the product solve a problem or create opportunities for the Lloyd’s market? Do they have a specific use-case, rather than being tech in search of a problem?
Programme fit. e.g. Would their plan for the programme work at the Lloyd’s Lab; does it hinge on having data we know is highly unlikely to be available? Are they applying just for the sales opportunity?
Here are some of the questions we will be asking ourselves as part of our scoring:Do they have the skills and commitment they would need to excel at what they claim to do?
Does the product solve a problem or create opportunities for the Lloyd’s market?
Do they have a specific use-case, rather than being tech in search of a problem?
Would their plan for the programme work at the Lloyd’s Lab; does it hinge on having data we know is highly unlikely to be available?
Are they applying just for the sales opportunity?
Applications which are written clearly will tend to do better as it is easier for the team to understand the opportunity. Including a short video (less than 5 minutes), and/or pitch deck (broadly 10 or fewer slides) is normally beneficial.
Many of the core features of the programme continue including, mentorship, facilities and events, but with the need for more focus and online delivery.
We will keep this under review as the situation changes.
We generally target 10-12 companies per cohort, but this number is based on the quality of applications and which companies will benefit from being in the cohort together.
We like to keep the cohorts intimate to foster cohort cohesion and good relationships with mentors.
We have built a large pool of over 100 mentors from across the Lloyd’s market.
Many of these will attend pitch day, where they vote on the InsurTechs and indicate which they would be interested in mentoring.
Once the votes are counted and the teams have been picked, the Lloyd’s Lab team will contact these mentors and confirm their selection. We also contact others from across the market, and help them to decide which team would be best for them.
In other words, the mentors decide themselves which teams they’d like to mentor, ensuring they end up working with teams best suited to their experience and interests.
We also have what we call ‘external’ mentors. These are people who are typically outside the Lloyd’s market, but have had significant relevant experience, such has founding and successfully exiting their own Tech start-up, and are a valued part of the mentoring programme.
We introduce these external mentors to the InsurTechs and allow them to decide themselves which relationships are worth progressing.
Mentors are not allocated, but decide themselves which teams they would like to mentor.
We typically end up with between 3-8 mentors with each InsurTech, all from different insurers within the Lloyd’s market.