PriyaPatel
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TLDR: Key Points
- Lloyd’s Lab announces 12th cohort focused on solutions for America
- New cohort includes 12 firms from 33 countries
Lloyd’s Lab has revealed the insurtechs joining its 12th cohort will focus on developing solutions for a range areas across the insurance market, including mitigating risks in America. A total of 12 firms will join the new cohort, which received a record number of applications from over 33 countries. They will join a ten-week incubator programme to develop products and solutions with the support of industry experts. Some of these solutions will be used for the biggest risks faced by businesses and communities in the Americas region, such as challenges arising from natural hazard prediction to risks associated with cybersecurity.
Alongside the American theme, applications were also accepted under the data, models and processes and new products themes. The data, models and processes theme aims to tackle challenges through innovative platforms for underwriting progress within the Lloyd’s market, while new products is dedicated to fostering insurance products that can address underinsurance issues and enhance resilience.
Full Article
Lloyd’s Lab has revealed the insurtechs joining its 12th cohort will focus on developing solutions for a range areas across the insurance market, including mitigating risks in America. A total of 12 firms will join the new cohort, which received a record number of applications from over 33 countries. They will join a ten-week incubator programme to develop products and solutions with the support of industry experts. Some of these solutions will be used for the biggest risks faced by businesses and communities in the Americas region, such as challenges arising from natural hazard prediction to risks associated with cybersecurity.
Alongside the American theme, applications were also accepted under the data, models and processes and new products themes. The data, models and processes theme aims to tackle challenges through innovative platforms for underwriting progress within the Lloyd’s market, while new products is dedicated to fostering insurance products that can address underinsurance issues and enhance resilience.
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