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.
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.
