BreachBits was selected by Lloyd’s Lab and innovators from the Lloyd’s market to join Cohort 13 of the Lloyd’s Lab insurtech accelerator. A total of 10 companies from around the globe were selected following a thrilling series of live pitches at Lloyd’s headquarters in London. Lloyd’s Lab is an award-winning accelerator program that brings innovative capabilities to the Lloyd’s market.
BreachBits has seen early interest from the insurance space, and the selection for Lloyd’s Lab will further accelerate BreachBits unique capabilities to serve the marketplace and bring forward meaningful & accurate cyber risk analysis to the insurance ecosystem. BreachBits aims to deliver persistent, accurate, and scalable cyber risk insights to an industry plagued by the consequences of the last decade of cyber attacks.
“We are honored to join the Lloyd’s market for this program and we look forward to driving progress and innovation within the cyber domain,” said J. Foster Davis, COO and Co-Founder of BreachBits. The team at BreachBits, fueled by their passion for cybersecurity and commitment to excellence, aims to “advance the state of the art” within the insurance sector through “the hacker’s perspective” in risk modeling, predictive pre-claim operations, and innovative insurance products by immersing themselves in the intensive accelerator program.
“Cohort 13 is set to bring an exciting set of innovations to the Lloyd’s market. The continued success of the Lab’s regional themes reaffirms our commitment to fostering solutions that not only cater to local needs, but also contribute to the global marketplace. The calibre of solutions presented at Pitch Day was exceptional and we look forward to the products that will emerge from this Cohort,” said Rosie Denée, Head of Innovation and the Lloyd’s Academy.
More than 250 insurtech companies applied to join the program in July. The final 10 members of Cohort 13 were announced in early September following a competitive pitch session in London. https://www.lloyds.com/about-lloyds/media-centre/press-releases/lloyds-lab-announces-insurtechs-joining-inaugural-middle-east-and-africa-focused-cohort
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