Sixfold Selected for Lloyd's Lab's Latest Cohort
I’m beyond excited to announce that Sixfold has been officially selected to take part in the 12th cohort of Lloyd’s InsurTech accelerator program, Lloyd’s Lab.
Lloyd’s Lab was recently recognized as a top-25 European start-up hub by the Financial Times and Statista and ranked the very top insurance-focused accelerator out of 19 countries and +2,000 organizations.
The program will give our team the opportunity to collaborate with Lloyd’s mentors to develop innovative solutions for the world’s leading insurance and reinsurance marketplace. Over the course of the 10-week “fast-track, fast fail” program kicking off in late April, our team will build, test, and iterate innovative solutions that “challenge how we do things and help the Lloyd’s market better serve its customers.”
Sixfold was one of just 22 insurtechs invited to travel to London to take part in Lloyd’s “Pitch Day” event. This year saw the largest-ever application pool for the program—Pitch Day invitees had to be culled down from more than 250 applications submitted by insurtechs spanning 33 different counties.
For our pitch, I showcased how much we have built to serve underwriters in the past 10 months to 1,000-plus virtual and in-person attendees from across the Lloyd’s market ecosystem. We were selected into the program as one of only 12 teams by a panel of market leaders, mentors, and the Lab team, and we were the only underwriting solution to be accepted into the program!
Members of Sixfold’s product and design teams will spend 10 weeks working out of the iconic Lloyd’s building in London. We will focus our efforts on accelerating and optimizing triage and risk appetite match capabilities within the scale of Lloyd’s markets.
We’ll demo the fruits of our accelerator labor to the entire Lloyd’s market in early July—stay tuned for details!
Lloyd’s Lab unique approach to fostering global innovation is helping to tackle some of the world’s biggest insurance challenges. Progressing the Lab’s mission of supporting innovative insurance solutions across the globe, this latest cohort focuses on developing solutions to some of the biggest risks faced by businesses and communities in the Americas such as challenges arising from natural hazard prediction to risks associated with cybersecurity.
Thank you to Lloyd’s for believing in our vision and helping us bring it to fruition. We can’t wait to show the entire Lloyd’s market—and the rest of the world—what we have in store.
