Lloyd’s Lab Training

Lloyd’s Lab Training programme equips Lloyd’s market insurance with the skills to identify, validate and advance real insurance opportunities.

Over eight weeks, underwriters, brokers, and insurance professionals collaborate to conduct customer led discovery for cutting-edge insurance products within emerging risk areas.

The programme is accredited by the Chartered Insurance Institute (CII) and recognised for its rigour, quality and impact.

Sign up for Lloyd’s Lab Training

Format: 8 weeks | in-person workshops + coaching

Time commitment: 3 - 5 hours per week total. Please note you will need to be available to attend in-person workshops in Lloyd’s Lab on 01/06, 15/06, 29/06, and 13/07.

Who: Lloyd’s market underwriters, brokers, and insurance professionals

Fee: £999 + VAT

CPD: Claim up to 25 CPD hours

Programme dates: 1st June – 27th July

Application deadline: 26th May 2026

Keen to find out more? Sign-up to our webinar on 6th April below.

Sign up for the webinar Register your interest in Lab Training
“A brilliant programme which gets you thinking in an alternative and creative way. A great way to meet fellow market peers and brilliant coaching!”
“This is a fantastic programme that I believe everyone could benefit from. The coaching, organisation of the programme and, most importantly, the lessons learnt about innovation have been invaluable for me personally and I believe they will underpin my approach to my work for the rest of my career!”
“The programme was great - it has equipped me with new ways of thinking about Innovation, allowing me to think about the real problem at hand before turning to a potential solution. The programme pushed me out of my comfort zone and got me exploring the Market more broadly than I have before. I'd recommend the programme if you want an introduction to Innovation, and to push yourself to do something a bit different.”
“The best experience I’ve ever had, the most humbling course I’ve been on not because of difficulty but because it forces you to think in a vastly different way than what we have learnt in the workplace or education. LOVED IT 10/10”
“The programme delivered exceeded my expectations. We learned how to interrogate our assumptions honestly to drive meaningful change. The skills we learned would be useful for any industry or project. I am already thinking about ways to adapt what I learned for another project at work. All in all, extremely useful.”
“As a first-time innovator, I appreciated the structure behind the programme - where to get started, how to investigate, and how to emerge from 'pits of doom'. The balance between being thrown in the deep end to seek out and gather evidence from prospective customers but also having the backing from the facilitators was the best aspect.”
“Brilliant. I would recommend to anyone looking for honest, knowledgeable, and hardworking mentors with a palpable passion for innovation”

FAQs

Workshops are in-person; coaching and group activities can be remote.

  • A practical, reusable innovation methodology
  • Market-tested product concepts
  • Up to 25 hours of CPD
  • A valuable cross-market network

Lab Training welcomes insurance professionals with established connections to the Lloyd's market. Eligibility for underwriters requires affiliation with a Managing General Agent (MGA) or a Lloyd's syndicate.

Lab Training is aligned to the following learning objectives and by the end of the programme you will be able to:
  1. Develop a customer-centric, data-driven approach to innovation using tools such as lean startup, design thinking, and agile experimentation, evidenced through self-assessments, coach feedback, and team presentations.
  2. Demonstrate an understanding of key innovation tools, processes, and behaviours through hands on application during the programme, evidenced by practical outputs and coach feedback.
  3. Extract, interpret, and critically analyse insights from primary data sources, demonstrated through team presentations and data analysis following experimentation.
  4. Create and deliver robust, empirical recommendations as a team that reflect innovation principles and address validated opportunities or challenges, evidenced by a final presentation.

During registration you will choose to express your interest in several emerging risk areas, identified as leading challenges by the Lloyd’s market. Throughout the programme, you will conduct research to identify and validate specific insurance opportunities within the selected emerging risk area.

If you already have a specific area in mind, we strongly recommend assembling a dedicated team to enter the programme with, to effectively address that specific challenge. We require each team applying as a group, to consist of at least two individuals.

Unless applying as a team, project teams will be assembled based upon shared interest in an emerging risk area, whilst ensuring a balance of expertise and experience.

When applying, you’ll select a specific topic area or share with us the types of opportunities that interest you. Teams are formed in advance by the Lloyd’s Lab team. If you want to join Lab Training with a pre-formed team, please contact us at lloydslab@lloyds.com.

Absolutely! While Lab Training is highly collaborative, if you're concerned about working with competitors, you can submit your own team to research an opportunity, to avoid having participants from external companies on the same team as you. We require team submissions to include at least two people committed to the full programme duration, with additional participants able to join on an ad-hoc basis at key stages of the programme.

The programme will be delivered through four consecutive two weeks sprints and a final presentation. 

Sprint 1: From Problem to Pain Point  

  • Week 1: 3-hour face-to-face workshop 

  • Week 2: 30-minute coach call, 30-minute working session  

Sprint 2: From Pain Point to Opportunity

  • Week 3: 3-hour face-to-face workshop 

  • Week 4: 30-minute coach call, 30-minute working session
  • Conduct experiments and customer led discovery to test assumptions, understand pains, constraints, and decision drivers.

Sprint 3: From Opportunity to Business Case

  • Week 5: 3-hour face-to-face workshop 

  • Week 6: 30-minute coach call, 30-minute working session
  • • Analyse your evidence to create a compelling opportunity case and assess its strengths and weaknesses before your final experiments.

Sprint 4: From Business Case to Presentation

  • Week 7: 3-hour face-to-face workshop 

  • Week 8: 30-minute coach call, 30-minute working session
  • • Bring findings together into clear, evidenced recommendations - what to do next, what to stop, and what to explore.
Final presentations  An opportunity to demonstrate your learnings and present your evidenced recommendation back to your sponsor.

All programmes and initiatives

Explore our diverse range of programmes.

Discover programmes