Insurance and reinsurance company Lloyd’s has partnered with Ireland’s Department of Finance in a bid to foster InsurTech innovation.

Lloyd’s said the collaboration will see the creation of a dedicated Irish-themed cohort within the globally recognised Lloyd’s Lab Accelerator Programme in the first half of 2026.

The programme was set up in 2018 and acts as a launchpad for scalable innovations, connecting companies with market experts to co-develop solutions for the insurance market.

Both companies signed a statement of intent which sets out a shared ambition to deepen cooperation and provide technical assistance to support innovation and growth in the Irish insurance sector.

Lloyd’s said the partnership highlights a mutual commitment to advancing insurance solutions and showcasing Irish talent internationally.

Ireland is one of the company’s largest European markets, with Gross Signed Premium reaching €661 million in 2024.

Building on this strong foundation, Lloyds said it will jointly promote the programme with Ireland’s Department for Finance, share expertise, and provide technical support to ensure the success of the Irish-themed cohort.

The collaboration will include a dedicated Irish theme within upcoming Lloyd’s Lab due to take place in the first half 2026.

Sub themes will focus on flood risk, cyber, artificial intelligence and enabling the economy through supporting export finance.

Lloyds said the initiative is designed to deliver commercially viable solutions that strengthen market resilience, unlock new premium, and support the evolution of insurance products across both the Irish and global markets.

“The Lloyd’s Lab sits at the centre of insurance innovation, helping market participants turn emerging risks into actionable solutions,” said Patrick Tiernan, chief executive at Lloyd’s. “This initiative will not only spotlight Ireland’s exceptional InsurTech talent but also strengthen the global connections that make our market so unique.

“Together, we’re creating a platform for commercially viable ideas that can enhance resilience, unlock new premium, and shape the future of insurance—both in Ireland and around the world."

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