Innovation hub Lloyd’s Lab has started searching for insurtech entrepreneurs and start-ups.

It wants ideas that focus on data-driven underwriting, enhanced customer experience, back-office efficiencies and next-generation insurance products or services.

Submissions will end on February 3, with the most compelling ideas pitched on March 20.

Ten chosen start-ups will have 10 weeks to develop their ideas, with access to Lloyd’s co-working space in London and expert advice from the market.

Lloyd’s first insurtech search produced nearly 220 applications from 36 countries.