Lloyd’s has selected 11 successful teams of InsurTech disruptors, out of more than 130 applications were received from across the world for the third cohort of the Lloyd’s Lab. As part of its future strategy, Lloyd’s has recently committed to expanding the scope of the Lloyd’s Lab. The eleven successful teams are aligned with this strategy and will start working in the Lab as part of a ten-week programme beginning from September 2.
The InsurTech start-ups are committed to finding solutions with the potential to contribute to the ecosystem of services as part of the future at Lloyd’s vision, including ways to enhance data sharing and provide new sources of risk insight; pricing and risk models to help Lloyd’s market participants better understand threat scenarios; and ways to reduce the cost of processing claims as well as the burden of compliance and regulation.
