Applications for Cohort 15 now open!

Apply here!

Applications close 13 July 2025 11:59pm BST

What is the Lloyd’s Lab Accelerator?

The Lloyd’s Lab Accelerator is Europe’s top insurance-focused innovation hub that delivers a 10-week InsurTech programme located in the heart of London’s insurance market. As a key component of our InsurTech-led product development pathway, the Accelerator connects external innovation with Lloyd’s market needs. Housed within the iconic Lloyd’s building, our Accelerator provides innovative companies with:

• Direct access to Lloyd’s market experts and senior leadership mentorship
• Dedicated workspace in our state-of-the-art co-working environment
• Tailored support matched to your unique business requirements
• Opportunity to develop and validate your solution alongside your target audience

We run two cohorts each year, selecting approximately 10 companies from 150-200 global applications. Each selected team works with 8-12 dedicated mentors from across the Lloyd’s market who help drive your solution toward commercial implementation.

Why the Lloyd’s Lab Accelerator?

The Lloyd’s Lab offers unparalleled advantages for startups and scale ups looking to make an impact in the insurance sector:

• Market Access: Develop your idea at scale in partnership with the largest insurance marketplace in the world, with opportunities to pilot your solution with Lloyd’s syndicates
• Expert Validation: Receive direct product feedback from Lloyd’s stakeholders who could become your future clients
• Network Growth: Build connections within global insurance and the InsurTech ecosystem that last beyond the programme
• Proven Results: Our track record speaks for itself – $200 million in Lloyd’s premium written by our Alumni coverholders, with 85% of Alumni maintaining commercial relationships with the Lloyd’s market

Previous cohort companies have achieved remarkable outcomes, including:

• Creating new insurance products for previously uninsurable risks
• Reducing claims processing time by up to 60%
• Developing AI solutions that have transformed underwriting efficiency
• Securing significant investment and commercial contracts with Lloyd’s market participants

We welcome applications from both early-stage startups and established scale-ups. The Accelerator is not exclusively seeking insurance-focused ventures. Solutions and existing services from outside the industry with potential applications in insurance are welcome. Whether you’re focused on reducing acquisition expenses, improving underwriting decisions, enhancing operational efficiency, or elevating policyholder experiences – we want solutions that can create genuine commercial value.

As the #1 Finance innovation hub in the UK and the top insurance-focused startup hub among 3,000 hubs across Europe (verified by the Financial Times), we provide a platform for true market transformation.

Participating companies can work out of Lloyd’s in London or wherever best fits their business. There are the three mandatory weeks in London:

• Week 1: 29 September – 5 October 2025
• Week 5: 3 November – 7 November 2025
• Week 10: 8 December – 11 December 2025

We particularly value solutions that address emerging risks, enhance operational efficiency, or enable new insurance products that meet evolving market needs.
Important: Lloyd’s specialises in commercial specialty insurance, not personal lines. Solutions for personal insurance (health, pet, travel, life, etc.) are generally not suitable unless they represent a truly innovative approach to commercial risk.

Join our Lloyd’s Lab Virtual Open House

The Lloyd’s Lab is hosting a Virtual Open House event on 11 June at 10:00 – 11:00 BST and 26 June at 16:00 – 17:00 BST.
The Open House is an opportunity for applicants to meet the Lloyd’s Lab team as well as members of the Lloyd’s market, to see how the Lloyd’s Lab programme can benefit your company. Please sign up here.

Themes

1. Adapting to a changing world

Why this matters

Our recent assessment of Managing Agents’ Own Risk and Solvency Assessments (ORSAs) revealed the most pressing challenges facing the insurance industry today. These emerging risks require innovative approaches to maintain market resilience and create new opportunities.

95% of Managing Agents identified at least one of these risks as having potential material impact on their business within the next 3 years.

The most critical emerging risks identified by Lloyd’s Managing Agents include:

• Technology disruption: Artificial Intelligence and emerging technologies are transforming risk landscapes while creating new vulnerabilities
• Environmental challenges: Climate change and “forever chemicals” are creating complex, long-term exposures that traditional models struggle to quantify
• Global instability: Geopolitical risks and inflation are creating market volatility and supply chain vulnerabilities
• Cyber threat evolution: Sophisticated attacks continue to outpace defensive capabilities and coverage solutions

We are seeking solutions that address these critical emerging risks, this can include (but is not limited to):

• Novel approaches to cover emerging risks
• Bundled products that combine insurance with risk mitigation services
• Parametric structures that respond to emerging risk triggers
• Technologies providing superior risk selection, modelling or pricing for emerging risks

Examples of current market gaps that your solution could address:

• Generative AI liability attribution and quantification
• Climate transition financial protection
• Supply chain resilience against geopolitical disruption
• Advanced persistent threat (APT) cyber coverage

2. Traditional lines for today

Why this matters

Lloyd’s legacy insurance lines need modernisation to remain relevant and competitive. These traditional products face key challenges: evolving customer expectations, changing risk landscapes, the data revolution, regulatory evolution, and climate change impacts.

Lloyd’s began 336 years ago insuring ships, later expanding to other insurance lines that have formed what we know as the traditional lines that we cover today. However, these lines are increasingly challenged by new risk realities.

We are seeking solutions to ensure traditional insurance lines are suitable for today, this can include (but is not limited to):

• Enhanced coverage structures that address emerging gaps in traditional policies
• Superior customer experiences within established insurance classes
• Parametric triggers intelligently integrated into traditional coverage models
• Technological improvements that bring traditional lines into the digital age

Examples of current market gaps that your solution could address:

• Marine: Solutions addressing autonomous vessels and alternative fuels
• Property: Advanced catastrophe modelling incorporating climate change impacts
• Casualty: Innovative approaches to social inflation and liability evolution
• Specialty lines: Modernisation of coverage for digital assets and services

3. Data intelligence & process transformation

Why this matters
As the world’s leading insurance marketplace processing over £55.5 billion in premium annually, Lloyd’s success depends on superior data utilisation, efficient processes, and seamless market interactions. In an increasingly competitive environment, we must elevate both our analytical capabilities and operational effectiveness to maintain our position as the premier specialty insurance market.

Lloyd’s ecosystem of over 50 leading insurance companies, 200 registered brokers and 4,000 coverholders creates unique opportunities to enhance how we utilise data and optimise market operations.

We are seeking solutions that transform our data capabilities, this can include (but is not limited to):

Advanced data intelligence

• Predictive analytics leveraging non-traditional data sources to enhance risk selection and pricing
• AI-powered models that identify emerging claim patterns and market trends
• Integration of external datasets (satellite, IoT, etct) into underwriting workflows
• Cross-market data frameworks that maintain compliance while enabling deeper insights
• Innovations that expand market access to underserved segments or risks

Process Reimagination

• Automated document processing and workflow optimisation
• Payment solutions streamlining premium and claims transactions
• Solutions enhancing broker-underwriter collaboration
• Technologies improving transparency and efficiency across the market ecosystem
• Solutions that elevate the experience for brokers, coverholders and policyholders

Key dates:

• Applications close 13 July 2025
• Applicants will be told if they have got through to Pitch Day: by 04 August 2025
• Pitch Day: 09 September 2025
• Programme starts: 29 September 2025
• Demo Day: 10 December 2025