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Welcome to Lloyd’s Lab

The Lloyd’s Lab is a fast-track, fast-fail environment where new concepts, ideas and products can be tested with the support and active involvement of the world’s specialist insurance marketplace. Focusing predominantly on designing technology-driven solutions to meet the unique and rapidly changing needs of the Lloyd’s market.

105 days till applications open

Cohort two applications open 3rd December 2018 and close 3rd February 2019 11:59 PM BST

Working with Lloyd’s

Lloyd’s is the world’s specialist insurance and reinsurance market.

Over ten weeks, start-ups will be given the unique opportunity to work with Lloyd’s market experts to shape the next big innovation. Located in the heart of the world’s specialist insurance market, the Lloyd’s Lab will give start-ups access to a state of the art coworking space, potential funding and the chance to develop their ideas alongside their target audience.

As a 330 year-old insurance market , we want to share our centuries of collective experience and knowledge with game changing start-ups who have new ways of thinking. We’ll give you access to the market so you can develop products, platforms and processes helping transform Lloyd’s into a digital data-driven market.

What's on offer

Mentorship from Lloyd’s market experts and senior leadership

A chance to develop your idea at scale in partnership with the largest insurance market in the world

The opportunity to grow your network within global insurance and the InsurTech sectors

Product validation from Lloyd’s stakeholders

Potential funding from the Lloyd’s Lab investment pot

Your own desk in a state-of-the-art co-working space located in the iconic Lloyd’s building in London

Access to a pool of mentors and experts with support matched to your unique requirements

Timeline

08 October 2018

Programme Starts

The 10-week intensive collaboration between you and the Lloyd’s Lab starts here, supported by market experts and external mentors.

12 December 2018

Demo Day

Where you’ll show us what your start-up has achieved over the previous 10 weeks and present your proposal for future engagement with the Lloyd’s market

03 December 2018

Applications Open

Applications to join the second Lloyd’s Lab cohort open.

03 February 2019

Applications Close

Applications will be reviewed from this date, and we’ll let you know if you have been shortlisted within three weeks.

Life in the Lab

Discover what happens at pitch day, learn about the themes we’re tackling and get to know the teams that make up the first ever Lloyd’s Lab cohort

Current cohort

About Lloyd's

Lloyd’s is the world’s specialist insurance and reinsurance market. 

With expertise earned over centuries, Lloyd’s is the foundation of the insurance industry and the future of it. Led by expert underwriters and brokers in more than 200 territories, the Lloyd’s market develops the essential, complex and critical insurance needed to underwrite human progress. 

Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network of over 4000 insurance professionals to grow the insured world – building resilience for businesses and local communities and strengthening economic growth around the world. 

lloyds.com

In association with

L Marks

L Marks is a corporate innovation specialist and early-stage investor. They build bridges between large corporates seeking to innovate more quickly with young companies with disruptive technologies, products and services. Founded in 2012 by serial entrepreneur Stuart Marks, they run bespoke start-up partnership programmes across industry sectors, supporting rapid innovation and connecting them with the best start-ups.

They work with clients such as Arsenal, BMW and International Airlines Group (IAG) to identify where they believe the challenges are in their businesses and then turn these into opportunities for improvement and innovation. Each programme is tailored to deliver real solutions to the corporate partners and create real opportunities for start-up to test and grow their product with a major partner.

lmarks.com

The Boston Consulting Group

The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-for-profit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep insight into the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable competitive advantage, build more capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with offices in more than 90 cities in 50 countries. For more information, please visit

bcg.com