Anansi selected as 1 of 9 Insurtechs to join Lloyd’s Lab Accelerator

We’ve over the moon to have been selected as 1 of 9 Insurtechs, from over 120 applications, chosen to join the latest Lloyds Lab global accelerator programme.  

Momentum milestones

Acceptance onto the accelerator follows a series of exciting firsts for Anansi.  From recognition as one of the UKs most successful startups with inclusion into the Tech Nation FinTech 5.0 cohort 2022/23, to new partnership announcements with Arch International Insurance for capacity and Tarlu, 3PL, distribution.

Our digital goods–in-transit solution reinvents the way e-commerce businesses protect their goods.  With a unique combination of embedded insurance and parametric cover, it’s designed to provide a solution to the 90% of goods that transit globally without protection.

Innovation incubator 

Lloyd’s Lab market’s innovation accelerator brings together insurtech, insurers, and brokers to test new, innovative solutions.  Starting today, 26th of September, the programme lasts for a 10-week period of mentoring and product development.  The programme is now run by Innovation Senior Manager Rosie Denée, following Ed Gaze stepping down from the role after almost four years.  

This year, the innovation incubator doesn’t focus on a specific theme. Instead, the nine teams will work to develop insurance solutions to help Lloyd’s market:

• Understand customers’ risks better;
• Respond even faster to incidents, and;
• Provide a better service to its customers. 

Insurtech insights for expanding horizons 

Dawn Miller, Commercial Director at Lloyd’s, said: “Since joining Lloyd’s in May, I’ve been thoroughly impressed with the dynamism, expertise and energy the insurtechs bring to the programme.

”I’m excited to see what insights and product solutions the new teams will bring to the Lab to address the challenging issues our industry faces. I’ll be watching closely to see how they progress during their ten-week cohort.”

Megan Bingham-Walker, CEO and Co-founder of Anansi, is “ delighted to be working with the world’s leading marketplace for commercial, corporate and speciality risk solutions, and exploring expansion of our capabilities.

We’re keen to engage with a global market to help us expand our product across the EU and develop our large retailer proposition.”

Following the 1st September pitch day, the other eight companies included in the ninth cohort are: ARMD Limited, OTT Risk, nPlan, Kayna, Atelier, Kayna Innovation, Yogahu, OTT Risk, Innovatrix Capital Ltd and Sola.