The “Lloyd’s Product Launchpad” is the new home for the development of insurance solutions to tackle emerging risks.
The Lloyd’s Product Launchpad has been created to replace the Product Innovation Facility and enable the Lloyd’s market to keep partnering with insurtech, while advancing innovation and developing new insurance solutions.
Under the oversight of the Lloyd’s Lab team, which is the market’s product innovation program, potential ideas reaching the Lab through its expanding program can now be directed to the most relevant place, whether in the Lab, the Launchpad or other areas of the business like the Disaster Risk Facility, said Lloyd’s in a statement. The Lloyd’s Lab was launched in 2018.
