15 C
Innichen
May 30, 2023
Finance Technologies

Lloyd’s of London launches lab for insurtech innovation

Lloyd’s of London has unveiled its new lab as it looks out for insurtech innovation in an “increasingly digital, data-driven world”.

Lab coming in second half of 2018

Lab coming in second half of 2018

Coming in the second half of 2018 the Lloyd’s Lab will focus predominantly on designing technology-driven solutions.

As you guessed, the lab will enable new concepts, ideas and products to be tested in a “fast-track, fast-fail environment with the support and active involvement of Lloyd’s market participants”.

It’s located in Lloyd’s building (i.e. Lime Street, in London’s main financial district).

Lloyd’s names some specific areas where it welcomes ideas. These include reduced expenses, improved premium retention, improved claims experience, brand awareness and reduced cost of change

The bank’s partners in the lab are investment firm L Marks and Boston Consulting Group.

It is open to applications from entrepreneurs, early and growth stage companies operating in the insurtech space worldwide.

There are no specifics at present, but participants will receive mentorship and guidance with the chance to trial and integrate their technologies, products or solutions.

You can apply here.

Lloyd’s of London launches lab for insurtech innovation
Lloyd’s of London launches lab for insurtech innovation
Fintech

Related posts

Railsbank raises $10m to expand into Southeast Asia and beyond

Amme Jhonson

Making the most of cloud migration – expert advice from Bill Cunningham, Endava (Part 2)

Amme Jhonson

Swift launches new API standard for open banking innovation

Amme Jhonson

Leave a Comment

* By using this form you agree with the storage and handling of your data by this website.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Privacy & Policy