{"id":450,"date":"2025-09-30T07:30:15","date_gmt":"2025-09-30T07:30:15","guid":{"rendered":"http:\/\/www.sugarbeachresortmaui.com\/?p=450"},"modified":"2025-09-30T09:14:38","modified_gmt":"2025-09-30T09:14:38","slug":"lloyds-and-irelands-department-for-finance-partner-to-drive-insurtech-innovation","status":"publish","type":"post","link":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/2025\/09\/30\/lloyds-and-irelands-department-for-finance-partner-to-drive-insurtech-innovation\/","title":{"rendered":"Lloyd\u2019s and Ireland\u2019s Department for Finance partner to drive insurtech innovation"},"content":{"rendered":"

Lloyd\u2019s, the world\u2019s oldest insurance and reinsurance market for global risk, and Ireland\u2019s Department of Finance, have strategically partnered to foster insurtech innovation, strengthen market resilience, and promote Irish expertise globally.<\/p>\n

\"Lloyd'sThis collaboration will create a dedicated Irish-themed cohort within the Lloyd\u2019s Lab Accelerator Programme in the first half of 2026.<\/p>\n

Established in 2018, the Lloyd\u2019s Lab is a launchpad for scalable innovation, connecting companies with market experts to co-develop insurance solutions, with the Accelerator as its core programme.<\/p>\n

The pair have signed a a Statement of Intent, which communicates their shared ambition to deepen cooperation, and provide technical assistance to support innovation and growth in the Irish insurance sector.<\/p>\n

In 2024, Ireland, which is one of Lloyd\u2019s largest European markets, saw its gross signed premium hit \u20ac661 million.<\/p>\n

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Both Lloyd\u2019s and Ireland\u2019s Department for Finance will promote the new programme, share expertise, and provide technical support to ensure the success of the Irish-themed cohort. The call for applications for the programme will open on December 10, 2025.<\/p>\n

Patrick Tiernan, Chief Executive, Lloyd\u2019s, commented, “We\u2019re proud to partner with Ireland\u2019s Department of Finance to dedicate a future Lloyd\u2019s Lab cohort to Irish innovation. The Lloyd\u2019s Lab sits at the centre of insurance innovation, helping market participants turn emerging risks into actionable solutions.<\/p>\n

“This initiative will not only spotlight Ireland\u2019s exceptional insurtech talent but also strengthen the global connections that make our market so unique. Together, we\u2019re creating a platform for commercially viable ideas that can enhance resilience, unlock new premium, and shape the future of insurance\u2014both in Ireland and around the world.”<\/p>\n

Paschal Donohoe TD, Ireland\u2019s Minister for Finance, added, “athe decision to bring part of the Lloyd\u2019s Lab programme to Ireland is a strong vote of confidence in our financial services ecosystem. It builds on our strengths as a leading international hub for insurance and financial services, and it aligns directly with the objectives of the Ireland for Finance strategy.<\/p>\n

“This initiative will showcase Ireland\u2019s skilled workforce, regulatory strength, and innovative culture to the global market, while offering Irish firms\u2019 unique opportunities to engage with the Lloyd\u2019s community worldwide.”<\/p>\n

Robert Troy TD, The Minister of State at the Department of Finance with special responsibility for Financial Services, Insurance and Credit Unions, said, “Hosting a Lloyd\u2019s innovation programme is an exciting development for Ireland\u2019s insurance sector. The Lloyds Lab Accelerator Programme is globally recognised for developing solutions to the risks of the future, and its presence in Ireland reinforces our commitment to continuous reform and to our financial services industry.<\/p>\n

“The Government\u2019s Action Plan for Insurance Reform 2025\u20132029 places innovation, transparency, and resilience at its core, ensuring Ireland remains competitive, open to new entrants, and trusted by international investors. This collaboration with Lloyd\u2019s will further deliver on those priorities.”<\/p>\n

The post Lloyd\u2019s and Ireland\u2019s Department for Finance partner to drive insurtech innovation<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lloyd\u2019s, the world\u2019s oldest insurance and reinsurance market for global risk, and Ireland\u2019s Department of Finance, have strategically partnered to foster insurtech innovation, strengthen market resilience, and promote Irish expertise globally. This collaboration will create a dedicated Irish-themed cohort within the Lloyd\u2019s Lab Accelerator Programme in the first half of 2026. Established in 2018, the…<\/p>\n","protected":false},"author":1,"featured_media":452,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured"],"_links":{"self":[{"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/posts\/450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/comments?post=450"}],"version-history":[{"count":3,"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/posts\/450\/revisions"}],"predecessor-version":[{"id":454,"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/posts\/450\/revisions\/454"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/media\/452"}],"wp:attachment":[{"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/media?parent=450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/categories?post=450"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.sugarbeachresortmaui.com\/index.php\/wp-json\/wp\/v2\/tags?post=450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}