Innovation and Disruptive Technology
We are seeing a phenomenal amount of research and development, alongside implementation and consumer take-up of new and disruptive technologies;
- Artificial intelligence
- Autonomous Vehicles (including driverless cars)
- The Sharing Economy
- Virutal Reality
- 3D Printing
- Internet of things
These present huge opportunities for the insurance industry – to harness these innovations and adapt them to our current and traditional ways of understanding, assessing, and covering risk.
Our Special Risks team have access to the thriving insurtech ecosystem in London, and with support from regulators and groups such as tech city and Instech London, we are already well placed to meet the insurance needs of the next generation.
Added to which Lloyd’s are launching the Lloyd’s Lab to help the Lloyd’s market innovate and thrive in our increasingly digital, data-driven world.
The Lab will enable new concepts, ideas and products to be tested in a fast-track, fast-fail environment with the support and active involvement of Lloyd’s market participants.