Lloyd’s Lab names new cohort of insurtechs

Lloyd’s has announced the next eleven insurtech start-ups joining the sixth cohort of the Lloyd’s Lab innovation accelerator programme, which will be focused on creating simpler products for customers, including solutions related to climate risks. The 11 firms were selected from 177 applicants and the programme starts on 26 April.

The cohort are working on solutions focusing largely on the four areas of climate change and decarbonisation, geopolitics, data and models, and claims support services. The eleven firms selected are detailed below.

Moonshot is an analytics firm that builds technology to map extremism, disinformation and organised crime.

Verisk Maplecroft uses a combination of risk analytics and expert analysis to help companies manage risks that can undermine commercial value, damage brand reputation and disrupt global operations, investments and supply chains.

crub AI specialises in automating the repetitive task of data cleansing or ‘scrubbing’.

Supercede Technology helps cedents and brokers automate the creation of submission packs, for a more reliable presentation of risk to reinsurers.

Safekeep is an AI subrogation solution that increases the number and value of recoverable claims and reduces the operational effort to do so.

SettleIndex is a litigation risk platform that cuts the time and cost of resolving disputes.

DistriBind uses AI to deliver efficiencies in delegated authority through automation.

CarbonChain helps companies automate the accounting of their carbon emissions.

Jupiter Intelligence provides climate risk analysis of multiple perils, in spatial resolutions from portfolio to asset level, globally and across flexible time horizons and climate scenarios.

Tesselo is a geospatial intelligence firm delivering solutions to monitor natural resources (trees, soils, crop) and reduce climatic risks.

Gaia has an insurance product to make IVF treatments more accessible, affordable and personal.

Gaia is outwith the main four themes, but was invited to join based on the innovative nature of its solution.

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