11 InsurTechs join Lloyd’s Lab Accelerator programme

Insurance and reinsurance marketplace Lloyd’s has revealed the 11 InsurTechs that have secured a place in the 14th Cohort of the Lloyd’s Lab Accelerator programme.

The teams chosen include Faura, Satva Trust, QualRisk, Ocean Ledger, Novella, Testudo, Circuit Security, GWT Insight, Unwind Finance, 7Analytics AS, and reinsurance technology platform Supercede Technology, a name that will be familiar to regular readers of Reinsurance News.

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

Lloyd’s explained that Cohort 14 introduces a new theme, Shaping the Future of Reinsurance in Bermuda, developed with the Bermuda Monetary Authority (BMA) to strengthen collaboration between the insurance and reinsurance hubs of Lloyd’s and Bermuda.

The cohort also advances two existing themes: Data, Models & Processes, which enhances underwriting efficiency through advanced analytics, and New Products, which develops solutions to tackle underinsurance and improve coverage.

Rosie Denée, Lloyd’s Head of Innovation, Commercial Education and Engagement, commented, “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.”

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