Lloyd's of London logo

Lloyd's Lab announces InsurTechs selected for Cohort 14 of its award-winning Accelerator programme

02 Apr 2025

Lloyd's, the world's leading marketplace for insurance and reinsurance, has announced the 11 InsurTechs that have secured a place in the 14th Cohort of the award-winning Lloyd's Lab Accelerator programme. 

The selected teams will join the Lloyd's Lab at a time where leadership within innovation is being spotlighted, with the programme recognised as the top finance accelerator in the UK by the Financial Times in February this year. 

Cohort 14 introduces a new theme "Shaping the Future of Reinsurance in Bermuda, developed in partnership with the Bermuda Monetary Authority (BMA), which aims to continue collaboration between the insurance and reinsurance hubs of Lloyd’s and Bermuda to develop solutions addressing ever-evolving challenges. 

The successful participants were chosen following a competitive  Pitch Day, where Lloyd's CEO John Neal welcomed participants, emphasising the critical role of insurance in addressing emerging risks and building more resilient societies across the globe. 

In addition to the Bermuda focus, Cohort 14 continues work on two established themes: "Data, Models & Processes," which seeks to enhance underwriting efficiency through advanced analytics and techniques, and "New Products," which focuses on developing novel insurance solutions that address underinsurance and improve existing coverage options. 

“The launch of Cohort 14 marks an exciting new chapter for the Lloyd's Lab, particularly with our dedicated focus on reinsurance solutions in Bermuda. As the largest provider of reinsurance to the Lloyd's market, Bermuda represents a critical partnership for our future growth and resilience.

“The quality of pitches presented for this cohort was exceptional, and we're confident that the selected teams will develop solutions that address current market challenges.” 
Rosie Denée, Lloyd’s Head of Innovation, Commercial Education and Engagement

Each of the teams chosen impressed an expert panel of Lloyd’s and market stakeholders with their transformative insurance solutions during a competitive pitch process. The successful teams are: 

Data, Models and Processes:

  • Faura helps underwriters understand property risk from a survivability standpoint, finding the most profitable risks in disaster-prone areas while reducing loss ratios on vulnerable assets. They pinpoint which properties can survive a natural disaster, not just whether a disaster will happen. 
  • Satva Trust uses satellite data and proprietary ML models to provide independent, verifiable fuel use and emissions data to the commercial shipping and maritime financial industries, enabling insurers to create policies that help maritime stakeholders manage weather-related fuel costs and emissions. 
  • QualRisk a team of industry and product experts, helps insurance and financial services companies enhance performance through more effective data and analytics usage while staying attuned to clients' unique challenges and industry trends. 

New Products:

  • Ocean Ledger provides a geospatial tool that assesses, monitors & predicts localised erosion damage to coastal infrastructure and identifies adaptation interventions (nature-based or engineered). 
  • Novella an AI-powered wholesaler, transforms E&S insurance sales by automatically analysing broker submissions and matching them to appropriate carriers based on underwriting appetite, resulting in 10X better carrier bind ratios and faster, more accurate quotes for retailers. 
  • Testudo uses new data technology to provide a unique view of AI litigation risk and with that is building a new liability product and pricing models for AI-powered work. 
  • Circuit Security technology ensures institutions maintain uninterrupted access to digital assets during disasters and disruptions by automating recovery and eliminating vulnerabilities in traditional methods. Through minimising insurance payouts, underwriters can take on more risk. 
  • GWT Insight Ltd unlocks unseen commercial buildings data, to create realtime insights and intelligent products. This enables unique potential for competitive advantage, working with clients to mitigate risk, reduce cost and carbon commitments across property portfolios. 

Shaping the Future of Reinsurance in Bermuda:

  • Supercede Technology Ltd is a reinsurance technology platform that empowers cedents and brokers with automated data preparation, seamless collaboration, and powerful portfolio insights. By standardising and streamlining submissions and placements, Supercede reduces manual work, enhances transparency, and enables smarter decision-making to achieve better reinsurance outcomes. 
  • Unwind Finance is an AI platform for casualty risk. Their analytics solution uses AI and benchmarks trained on millions of policies, claim files, alt-data records, underwriting narratives, and thousands of years of book performance -- facilitate dealmaking and portfolio management in the programs and legacy reinsurance spaces. 
  • 7Analytics AS use hydrology, geology, and data to develop high-precision risk data that helps everyone from infrastructure owners to insurance companies plan for imminent and future impacts of climate change.