Re/insurance marketplace Lloyd’s has announced the 12 insurtech firms set to join the 11th cohort of its innovation hub, the Lloyd’s Lab, which will focus on climate, cyber and sustainability in Asia Pacific.
The new theme introduced this year will focus on developing solutions to some of the biggest risks faced by businesses and communities in the Asia-Pacific regions.
In addition to the ‘Asia-Pacific Climate Risk, Cyber and Sustainability’ theme, ‘Data & Models’ and ‘New Products’ will be carried forward, with each insurtech being aligned with one of the three themes.
By improving risk assessment tools, portfolio management and claims handling processes, the Lloyd’s market looks to enhance underwriting efficiency. The ‘Data & Models’ theme aims to tackle these challenges by providing innovative platforms to drive progress within the Lloyd’s market.
Similarly, the ‘New Products’ theme is dedicated to fostering insurance products that can address underinsurance issues and significantly enhance existing coverages.
Rosie Deneé, Lloyd’s Lab Senior Manager, commented: “We are delighted to welcome the teams joining our 11th cohort and look forward…
