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Lloyd’s Lab: Who are the startups in its first cohort?

Lloyds Lab

Lloyd’s recently announced the ten InsurTechs selected for the first cohort of the Lloyd’s Lab. With the announcement, Lloyd’s joins a growing number of insurance incumbents establishing innovation hubs to heighten their competitiveness in an increasingly technology-driven market.

InsurTechs, which were identified after a global search, will receive ten weeks of support from the Lloyd’s market before presenting their proposals for further collaboration. The InsurTechs include companies founded between 2012 and 2017 with products ranging from predictive AI technology to advanced IoT data platforms.

 

Lloyd’s Lab Teams

Layr is an AI insurance platform for liability insurance that targets SMEs in the United States.

Founded: 2017

Active in: US

 

CargoSnap is an app and online platform that allows logistics teams to manage documentation along the supply chain, simplifying the claims process.

Founded: 2016

Active in: The Netherlands, US, Brazil

 

DropIn is an online platform and app that allows insurers to receive, share and store live claims information.

Founded: 2015

Active in: US

 

Insurercore is an online directory that provides brokers and underwriters access to digital targeted marketing and networking.

Founded: 2015

Active in: UK

 

BelMead Tech uses blockchain technology to simplify the claims process for insurance customers and claims handling teams.

 

Parsyl is an IoT platform that connects supply chain tracking hardware to a digital data management system, improving risk analysis and the claims process.

Founded: scheduled to launch in October 2018

Active in: US

 

Geollect creates geospatial mapping technology that provides businesses and underwriters with increased risk insight.

Founded: 2017

Active in: UK, US

 

ZASTI provides AI technology for enhanced risk analysis across a variety of industries and at the individual level.

Founded: 2017

Active in: UK, India

 

Qnity is a digital mutual insurance marketplace targeting SMEs and individuals that allows its users to create their own insurance products.

Active in: UK

 

iCede offers a digital platform for insurance companies serving multinational clients that manages insurance products and compliance across local markets.

Founded: 2012

Active in: UK

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Stefanie Feltwell

Stefanie Feltwell is a Consultant at Oxbow Partners. You can reach her at sfeltwell@oxbowpartners.com.

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