Re/insurance marketplace Lloyd’s has announced the 13 insurtech firms set to join the 10th cohort of its innovation hub, the Lloyd’s Lab, which will include a focus on the European market this time around.
For this cohort, the insurtechs were selected based on solutions geared towards three themes: European Digital and Climate Solutions; Data and Models; and New Products.
Throughout the ten week program, which begins on April 24th, teams will develop their products with the support of market experts and explore how their innovations can support the Lloyd’s market.
The region-specific theme for Europe is a new introduction for this cohort, Lloyd’s notes, with four of the 13 successful teams addressing European Digital and Climate Solutions.
“We’re thrilled to welcome the new InsurTechs to the Lloyd’s Lab for our 10th Cohort,” said Rosie Denée, Lloyd’s Lab Senior Manager. “Together with the expert panel of judges, we were thoroughly impressed with the calibre of the teams who presented at our Pitch Day and have earnt a place in Cohort 10, and the dynamism they’ll bring to the programme.”
“After receiving our highest ever number of international applications and introducing our first regional theme to this cohort, I’m excited to see the dynamism and output that will deliver solutions for our global marketplace.”’
The Lloyd’s Lab global accelerator programme received over 200 applications from 32 countries for its latest cohort, with the successful teams having impressed a panel of Lloyd’s and market stakeholders and participants.