Lloyd’s has revealed the 11 InsurTech teams selected for the 14th cohort of its Lloyd’s Lab Accelerator programme.
Cohort 14 introduces a new theme ‘Shaping the Future of Reinsurance in Bermuda,’ developed in partnership with the Bermuda Monetary Authority (BMA).
The initiative aims to strengthen ties between Lloyd’s and Bermuda and to tackle the sector’s evolving risks.
Cohort 14 also continues two long-standing themes: ‘Data, Models & Processes,’ which focuses on using advanced analytics to streamline underwriting, and ‘New Products,’ which encourages the development of solutions for underinsurance and better coverage.
Under ‘Data, Models & Processes’, selected teams include Faura, Satva Trust and QualRisk.
The ‘New Products’ theme will be advanced by Ocean Ledger, Novella, Testudo, Circuit Security and GWT Insight.
Under the new Bermuda theme, Supercede Technology, Unwind Finance and 7Analytics AS will explore next-generation reinsurance solutions.
Rosie Denée, head of Innovation, Commercial Education and Engagement at Lloyd’s, says: “The launch of Cohort 14 marks an exciting new chapter for the Lloyd's Lab, particularly with our dedicated focus on reinsurance solutions in Bermuda.
“As the largest provider of reinsurance to the Lloyd's market, Bermuda represents a critical partnership for our future growth and resilience. The quality of pitches presented for this cohort was exceptional, and we're confident that the selected teams will develop solutions that address current market challenges.”
