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

Why Are Small Businesses Losing Confidence in Marketing?

In the ever-evolving landscape of commerce, small and mid-sized businesses (SMBs) globally are grappling with a perplexing challenge: despite pouring more time, energy, and resources into marketing, their confidence in achieving impactful results is waning, and recent findings reveal a stark reality where only a fraction of these businesses feel assured about their strategies. Many struggle to measure success or

How Are AI Agents Revolutionizing Chatbot Marketing?

In an era where digital interaction shapes customer expectations, Artificial Intelligence (AI) is fundamentally altering the landscape of chatbot marketing with unprecedented advancements. Once limited to answering basic queries through rigid scripts, chatbots have evolved into sophisticated AI agents capable of managing intricate workflows and delivering seamless engagement. Innovations like Silverback AI Chatbot’s updated framework exemplify this transformation, pushing the

How Does Klaviyo Lead AI-Driven B2C Marketing in 2025?

In today’s rapidly shifting landscape of business-to-consumer (B2C) marketing, artificial intelligence (AI) has emerged as a pivotal force, reshaping how brands forge connections with their audiences. At the forefront of this transformation stands Klaviyo, a marketing platform that has solidified its reputation as an industry pioneer. By harnessing sophisticated AI technologies, Klaviyo enables companies to craft highly personalized customer experiences,

How Does Azure’s Trusted Launch Upgrade Enhance Security?

In an era where cyber threats are becoming increasingly sophisticated, businesses running workloads in the cloud face constant challenges in safeguarding their virtual environments from advanced attacks like bootkits and firmware exploits. A significant step forward in addressing these concerns has emerged with a recent update from Microsoft, introducing in-place upgrades for a key security feature on Azure Virtual Machines

How Does Digi Power X Lead with ARMS 200 AI Data Centers?

In an era where artificial intelligence is reshaping industries at an unprecedented pace, the demand for robust, reliable, and scalable data center infrastructure has never been higher, and Digi Power X is stepping up to meet this challenge head-on with innovative solutions. This NASDAQ-listed energy infrastructure company, under the ticker DGXX, recently made headlines with a groundbreaking achievement through its