We’re looking for solutions that have the potential to create true commercial value for the Lloyd’s market. Whether by reducing acquisition expenses, helping Lloyd’s market businesses make better underwriting decisions, making operations more efficient or improving the policyholder experience, we want to see ideas that can have a real impact on market performance.
Companies, entrepreneurs and start-ups from across the globe who are prepared to develop their products and services in collaboration with Lloyd’s and the Lloyd’s market.
Lloyd’s Lab is not exclusively for insurance-focused ventures. We’re also interested in working with products and services from outside of insurance that could have applications in the industry. For example, if you have a great data analytics platform, you could work with us to see how it could help us to understand new risk markets.
We’re open to considering proposals from ventures at any stage of their development and will work to tailor the activities you’re invited to take part in to your needs. If you feel that your business and/or products/platforms/processes would benefit from a collaboration with Lloyd’s then we’d love to hear from you.
We know that your needs will be very different from an early-stage business. That’s why we look to tailor any mentoring or activities you’re involved in to your needs. Your time is precious and we don’t want to waste it. So long as you have an ambition to test out your product and ideas in the Lloyd’s Lab, we want to see how we can work together.
No.
No, we’re not asking you to sign an exclusivity agreement. We want to build a relationship based on trust and, if we complement each other, we hope that we’ll be your first port of call when you need feedback on your new products/platforms/processes. Please be aware that we will need you to sign a mutual non-disclosure agreement (NDA) and participation agreement before you access the Lab, which you will need to adhere to even when working with third parties, whether in the insurance sector or otherwise.
If you are invited to join Lloyd’s Lab, we will need you to sign a mutual non-disclosure agreement (NDA) before accessing the Lab – this requires us to not disclose your confidential information and requires you to do the same for us. This is designed to help us work together productively on the programme. However, during the application process, neither party will have signed the NDA, so please only share with us information about your product/platform/process or business that you consider not to be confidential/to be public domain.
26 May for the COVID-specific parts of the programme which will run in July.
26 June for the main programme starting in September (this has the COVID theme, but also data & models, and new insurance products and markets).
Once you’ve submitted your details via the application form a member of our team will review your responses to confirm your suitability for the programme. L Marks may be in touch to gather further details and answer any questions you have before your details are submitted to the Lloyd’s Lab SteerCo for review. Up to 24 teams will be invited to attend the Pitch Day. If invited, you’ll meet the Lloyd’s Lab team, give a short presentation and take part in a Q&A session. If we believe your business could be a good fit for the programme, we’ll extend you an offer to participate shortly after the Pitch Day.
You must be at least 18 years old to apply to Lloyd’s Lab.
Of course! Companies, entrepreneurs, and start-ups from across the globe are encouraged to apply. Bear in mind that you may need a visa to participate in activities in the UK.
Travel support to participate in the Lloyd’s Lab based in the Lloyd’s building at Lime Street, London, United Kingdom will remain at Lloyd’s sole discretion.