On Wednesday 6 December, Lloyd’s Lab hosted its Cohort 11 Demo Day, marking the end point of the Lloyd’s Lab ten-week accelerator programme. Demo Day is a much-anticipated opportunity for the InsurTechs within each cohort to demonstrate what they developed during their time on the programme to the market.
Hosted by Rosie Denée Senior Manager, Lloyd’s Lab, over 500 market executives, InsurTechs and key industry figures joined to hear the Cohort 11 teams talk about their innovative insurance solutions designed to mitigate the biggest risks faced by businesses and communities today and tomorrow.
Following the success of the first regional cohort theme in Cohort 10, the Lab continued this regional focus, with ‘Asia-Pacific Climate Risk, Cyber and Sustainability’ as a key theme for Cohort 11. The second regional themed cohort demonstrates Lloyd’s global vision for the Lab and for the market, made possible through strong collaboration with respective Asia-Pacific colleagues.
The Asia-Pacific region contributes 11% of Lloyd’s global premium and remains a diverse market for insurers, being home to nearly one third of the global population. With certain regions particularly vulnerable to climate-related risks Cohort 11 teams were able to develop innovative insurance solutions targeted at specific areas.
Rounding off each Lloyd’s Lab Accelerator programme, Demo Day provides an opportunity for the market to hear first-hand accounts of each company’s product development and progress throughout the programme and how they plan to build on the knowledge and experience gained from Lloyd’s and market mentors.
This year, attendees were presented with insightful solutions ranging from protecting against associated costs of cyber-attacks, to providing solution monitoring for global flood risk, and developing wildfire intelligence to save lives.
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