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Lloyd’s Lab unveils top tech talent

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Innovation accelerator Lloyd’s Lab has announced the results of a global search for technology talent that attracted more than 200 applications from 36 countries.

Start-ups and entrepreneurs presented ideas ranging from live-streaming drones for fast risk and disaster assessment to harnessing the Internet of Things for live cargo tracking, and on-demand insurance for the gig economy.

Lloyd’s has revealed the teams offered a spot in the founding Lloyd’s Lab cohort, starting on October 8.

These include:

  • Layr, an artificial intelligence-powered insurance platform providing faster access for small businesses buying liability insurance.
  • CargoSnap, a mobile transportation inspection app connected to an online platform to collect, analyse and share information in the supply chain, speeding claims.
  • DropIn, an on-demand live video platform to streamline insurance inspections and catastrophe response assessment using mobile phones and drones.
  • Insurercore, a digital-based risk appetite directory for those seeking to place and write risks quickly and conveniently.
  • BelMead Tech, a claims support platform using blockchain and other technologies to improve the insured’s “claim journey” while improving efficiencies for the claim handling team.
  • Qnity, a digital insurance product that allows individuals to design their own covers.
  • iCede, a cloud-based platform that enables large insurance companies to interact across borders, to arrange insurance cover for multinational corporations.

Lloyd’s says teams joining the lab will gain “unparalleled access” to the world’s largest market for specialist insurance and reinsurance.

Over 10 weeks, they will have access to a dynamic co-working space in the Lloyd’s building in London, potential funding and the chance to develop products, platforms and processes.

“The launch of our new innovation accelerator is an important step forward into our technology-driven future, and we’re excited to see how the ideas develop,” Lloyd’s CEO Inga Beale said.

Applications for the second Lloyd’s Lab cohort will open later this year.