Unveiling the Innovators: Lloyd’s Lab Announces Its 11th Cohort Focusing on Asia-Pacific Climate Risk, Cyber, and Sustainability

Lloyd’s Lab, the innovation accelerator launched by the renowned insurance market, has unveiled its new theme for Cohort 11. Building on the success of the first regional theme in Cohort 10, the Lab will now focus on addressing the pressing challenges of climate risk, cyber threats, and sustainability in the Asia-Pacific region. This initiative aims to develop innovative solutions that mitigate risks faced by businesses and communities in this dynamic and vulnerable part of the world.

Excitement and interest in Cohort 11 were evident, as the Lab received an overwhelming number of applications from global insurtech companies. More than 150 insurtechs from around the world submitted their proposals, showcasing their innovative ideas and solutions. This high volume of applications reflects the industry’s recognition of the urgent need to tackle the complex risks that arise from climate change, cyber threats, and the pursuit of sustainable practices.

To carefully select the most promising candidates, a competitive pitch day was held at Lloyd’s headquarters on 31 August. The event provided an opportunity for the InsurTechs to present their groundbreaking concepts and demonstrate how their solutions could make a significant impact in the Asia-Pacific region.

After a thorough evaluation process, the following twelve insurtechs from six countries were selected across the three categories:

FERMAT S&T CO. LTD. (HANGZHOU): With a vision to improve aquacultural efficiency and sustainability, Fermat CO. LTD. is an innovative aquacultural technology company. Their pioneering solutions aim to revolutionize the industry by enhancing productivity, reducing environmental impact, and safeguarding the future of aquaculture in the Asia-Pacific region.

Floodbase: As an end-to-end data solution, Floodbase monitors global flood risk for insurers and government agencies. By analyzing vast amounts of data and providing real-time insights, Floodbase enables insurers to make more accurate risk assessments, thus enhancing their ability to protect communities and businesses from devastating flood events in the Asia-Pacific region.

Protos Labs: Addressing the high costs of cyber premiums through advanced risk analytics, Protos Labs is dedicated to creating a safer and more secure Asia. By leveraging cutting-edge technology, their platform helps insurers identify and evaluate cyber risks, allowing them to offer tailored coverage that mitigates potential cyber threats for businesses and individuals.

Renew Risk: With its comprehensive risk modeling software for renewable energy assets, Renew Risk empowers (re)insurers to conduct thorough catastrophe risk assessments. By accurately evaluating the potential risks associated with renewable energy projects, insurers can develop innovative products that encourage the growth of sustainable energy solutions in the Asia-Pacific region.

CLIMATIG: CLIMATIG is a climate InsurTech SaaS application that assists insurers and banks in identifying, measuring, and acting against climate change physical risks. By providing real-time data and analytics, CLIMATIG empowers financial institutions to better manage and mitigate the physical risks associated with climate change for any asset in the world.

Loro Insurance: Loro Insurance’s platform eliminates barriers for insurers or managing general agents (MGAs) looking to create and deploy specialty insurance products quickly. Their innovative technology allows companies to customize and launch products without any upfront investment, enabling them to respond rapidly to evolving market demands in the Asia-Pacific region.

The selection of these six innovative InsurTech companies for Cohort 11 reflects Lloyd’s Lab’s commitment to driving positive change in the Asia-Pacific region. By focusing on climate risk, cyber threats, and sustainability, these chosen companies have the potential to develop groundbreaking solutions that will contribute to a safer and more resilient future.

As we eagerly anticipate the results of Cohort 11, the industry remains hopeful that the innovations and solutions developed during this program will play a pivotal role in addressing the pressing climate, cyber, and sustainability risks faced in the Asia-Pacific region and beyond. By harnessing the power of technology and collaboration, Lloyd’s Lab continues to lead the way in shaping the future of the insurance industry.

Explore more

How Firm Size Shapes Embedded Finance Strategy

The rapid transformation of mundane business platforms into sophisticated financial ecosystems has effectively redrawn the competitive boundaries for companies operating in the modern economy. In this environment, the integration of banking, payments, and lending services directly into a non-financial company’s digital interface is no longer a luxury for the avant-garde but a baseline requirement for economic viability. Whether a company

What Is Embedded Finance vs. BaaS in the 2026 Landscape?

The modern consumer no longer wakes up with the intention of visiting a bank, because the very concept of a financial institution has migrated from a physical storefront into the digital oxygen of everyday life. This transformation marks the definitive end of banking as a standalone chore, replacing it with a fluid experience where capital management is an invisible byproduct

How Can Payroll Analytics Improve Government Efficiency?

While the hum of a government office often suggests a routine of paperwork and protocol, the digital pulses within its payroll systems represent the heartbeat of a nation’s economic stability. In many public administrations, payroll data is viewed as little more than a digital receipt—a record of transactions that concludes once a salary reaches a bank account. Yet, this information

Global RPA Market to Hit $50 Billion by 2033 as AI Adoption Surges

The quiet hum of high-speed data processing has replaced the frantic clicking of keyboards in modern back offices, marking a permanent shift in how global businesses manage their most critical internal operations. This transition is not merely about speed; it is about the fundamental transformation of human-led workflows into self-sustaining digital systems. As organizations move deeper into the current decade,

New AGILE Framework to Guide AI in Canada’s Financial Sector

The quiet hum of servers across Canada’s financial heartland now dictates more than just basic transactions; it increasingly determines who qualifies for a mortgage or how a retirement fund reacts to global volatility. As algorithms transition from the shadows of back-office automation to the forefront of consumer-facing decisions, the stakes for oversight have never been higher. The findings from the