The Lloyd’s Lab is an innovation hub within the Lloyd’s Corporation, the world’s specialist insurance market. Established in 2018, it’s a space dedicated to accelerating and fostering new products and solutions for insurance. The lab aims to drive innovation in the insurance sector by supporting start-ups, scale-ups, and other businesses that can develop technology-driven solutions for the industry. Participants receive mentorship from Lloyd's market experts and a collaborative environment to work alongside Lloyd's professionals and other innovators.
Optalitix is Lloyd’s Lab alumni and their portals are used and trusted by most of the Managing Agents in Lloyd’s.
We are always looking to partner with more companies to elevate industry standards and deliver unparalleled value to our clients and stakeholders.
What value does this bring?
“Lloyd’s partnership with insurtech Optalitix resulted in more than 180 users and provided immediate benefit to the market. It is estimated the new portal reduces the administrative burden across all stakeholders in the catastrophe regulatory reporting process and saving more than 13.000 hours of data entry per year- allowing for more value – add, customer-facing activity.”
